An Enthusiastic "Yes!" For Center City
An enthusiastic “Yes”! for Center City We believe that
The economic impact of these projects on the community has been enormous. Hotel tax receipts and occupational and property taxes have increased. Convention business - one of the community’s economic engines - is increasing, in part due to the added and improved hotel and entertainment facilities. One of the reasons that the arena project was financeable was the comfort that bond purchasers and insurers had with the state tax, or TIF (tax increment financing), revenues.
Perhaps most troubling to us has been the harshness of some of the comments that have been made regardingthis project. The Cordish Company as an outside competitor; rather we view it as a well-respected entity. The existence and success of Fourth Street Live helped make our development efforts more financeable and ultimately successful, and our projects likewise helped Fourth Street Live be more successful. We should embrace their commitment to continue to make significant investment in downtown