Playing With Philadelphia’s Tax Money

Editor’s note:  Here’s another reason they call Pottstown “little Philadelphia“.   Just change out Philadelphia with Pottstown.  Same problems, just a smaller scale but equally as devastating to the residents of both communities.

Philadelphia’s decades-long neglect of property-tax collections has been a disaster for public schools, the city budget, and typical taxpaying homeowners.

But the system does have its advantages for low-rent landlords, out-of-town speculators, and anyone else interested in playing property Powerball, a game where the objective is to pile up real estate in hope of hitting a gentrification jackpot, while keeping out-of-pocket expenses – like taxes – as low as possible.

Some are big winners, such as the investor who picked up three adjacent Northern Liberties lots in 1994 for a combined $16,000, skipped paying taxes on the lots for more than a decade, and made good on the debt only after flipping the parcels for $750,000 in 2010.

Such speculative windfalls are rare, but it’s not for lack of trying.  Of the roughly 100,000 tax-delinquent properties in Philadelphia, at least 57,500 are owned by investors, not occupants. These are parcels deeded to suburbanites and Floridians, developers and Brooklyn-based holding companies, small-time local speculators and real estate tycoons with dozens of properties to their name.

Read more:

http://www.philly.com/philly/news/politics/city/20130311_Playing_with_the_city_s_tax_money.html

Johnstown Battles Blight

Map of Pennsylvania highlighting Cambria County

Map of Pennsylvania highlighting Cambria County (Photo credit: Wikipedia)

JOHNSTOWN, PA — What was once The Rib Rack restaurant is now an eyesore and a hazard.

The building, located at 405 Strayer St. in Johnstown’s West End, is in a state of decay, with crumbling bricks, broken rain spout, boarded windows and weeds.

Soon, though, the building will be razed.

Its demolition is part of an ongoing effort by City Council and the Community and Economic Development Department to remove blight from the town.

Since the fall of last year, 66 structures have been razed.  The Rib Rack is next on the list.  Work has started in the past few days.

Read more:  http://tribune-democrat.com/local/x1951926811/City-battles-blight

A Petition To Control Blight In Pottstown

If you are interested in building a better Pottstown, please click on the link below and sign the petition to control blight!  The petition will go to the following people:

  • Governmental persons that can control blight in Pottstown, PA! (Pottstown Judges and Pottstown Codes Dept.)
  • PA State House (Rep. Tom Quigley)
  • PA State Senate (Senator John Rafferty)
  • Agency responsible for subsidized housing violations (Montgomery County Housing Authority)

http://www.change.org/petitions/governmental-persons-that-can-control-blight-in-pottstown-pa-prosecute-slumlords-within-the-pottstown-borough-using-pa-state-law-act-90?utm_medium=facebook&utm_source=share_petition&utm_term=own_wall

York’s Olde Towne East Neighborhood Transformed

Olde Towne East was a down and out neighborhood in York.  Blight, crime, vacant buildings and low property values.  Read this article about how Olde Towne East rose like a phoenix from the ashes and now their neighborhood is a source of pride in York!

http://www.newpa.com/strengthen-your-community/success-stories/million-dollar-makeover/index.aspx