A York City businessman plans to gut a blighted downtown building to make room for a future restaurant.
Elliott Weinstein, president and CEO of Weinstein Realty Advisors, will soon be the owner of 45 W. Market St., the former Griffith-Smith menswear store.
York City’s Redevelopment Authority gave the $2,000 sale the green light Wednesday. Technically, the sale is not final until the paperwork is signed and money exchanged.
Weinstein said he’s hoping to take advantage of York County’s Local Economic Revitalization Tax Assistance, or LERTA, program, which is designed to incentivize economic development by stretching property taxes on improvements over 10 years.
Read more: http://www.yorkdispatch.com/breaking/ci_25811017/fresh-start-planned-blighted-york-city-building