piazza at schmidts sj

Economic recovery or gentrification?

The City of Philadelphia’s 10-year tax abatement on new construction has led to the gentrification of our most vulnerable communities.

By giving huge breaks to those who build or refurbish housing, the tax abatement has increased property values in some of our poorest neighborhoods. Along the way, it has pushed out poor tenants through higher rents, and forced out impoverished homeowners through higher property taxes. And because 55 percent of Philadelphia property taxes go to schools, the tax abatement has also denied much-needed funding to a financially strapped School District filled with children of color.

To put it bluntly, I believe the tax abatement has unfairly benefited well-heeled, largely white investors and developers, while pushing people of color out of their neighborhoods. That’s why I was befuddled when newly elected City Councilman Allan Domb proposed extending the tax abatement from 10 to 20 years for properties under $250,000.

Click here to read on Philly.com

Photo: Piazza at Schmidt’s in the gentrified area now known as Northern Liberties. By  Justin Wolfe / Flickr Creative Commons


solomon thumbnail

Solomon Jones is an Essence bestselling author and award-winning columnist. He is the creator and editor of Solomonjones.com and morning host on 900 am WURD radio. Click here to learn more about Solomon.

Leave a Comment
placeholder_advertisement

Recent Posts

Recent Comments

Subscribe for More

Join us at @barbersonbroad at 1220 N. Broad St. w/ @gethealthyphilly and @classixphilly and get a free haircut from Noon to 2 pm as we help brothers defeat #hypertension in our community. Come through!!!
Tonight at 11 @Manupphl will be featured on @nbcphiladelphia Channel 10. Fighting #gunviolence a life at a time. Tune in!
Today after 7 years of featuring her sharp commentary on my shows I finally met ⁦‪@iamroxannejones‬⁩ in person. We broke bread (ok we ate everything but the bread) and plotted our takeover of the media universe. Lol! Great times! @onwurd
Having a ball hosting at #WawaWelcomeAmerica with @ClassixPhilly 107.9 at #Philly City Hall. #IDanceMinistry is killing it!
Like everyone else, I was surprised that Bill Cosby’s sexual assault conviction was overturned by the Pennsylvania Supreme Court. It’s one thing for me to believe that Cosby was treated unfairly by a racist criminal justice system. It’s quite another thing for the state’s highest court to say Cosby’s due process rights were violated. Read on @whyy
I had a great time hosting #wawawelcomeamerica today at #Philly City Hall with @classixphilly 107.9
Murderer #DerekChauvin gets 22.5 years for killing #GeorgeFloyd. He should’ve gotten more. #BLM
Me and my Dad! Happy Father’s Day to all the fathers!
Working with Super volunteer Cheryl McFadden representing @manupphl at the #BrothersStroll at @enontab
Hanging out with listeners Gary and Sister Murray at JD’s Auto Body at 6300 Wayne Ave. Come through! We’re here until 10 am. @onwurd
Join us today until 10 am at JD’s Auto Body, 6300 Wayne Ave! We’ve got jobs, we’ve got food, we’ve got discounted @onWURD memberships and more! We want to meet you!
Join me, Mayor Jim Kenney and Dr. Ala Stanford for, “Unmasking COVID: Where does Philly go from here?” tonight at 7 pm on Classix 107.9 FM
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments