Cost Of Costco, Whole Foods Project: Tax Plan Adds Up To Small Percentage Of Developers’ Share

Map of Pennsylvania highlighting Lehigh County

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

In the ongoing debate over whether the Hamilton Crossings shopping center should be financed with tax money, a common question is why developers can’t make do without it.

The proposed tax-increment financing plan is expected to stack up between $6 million and $6.5 million for the roughly $140 million project, or less than 5 percent of the total.

Some TIF plan opponents have said the developers, Tim Harrison, of Staten Island, N.Y., and The Goldenberg Group, of Blue Bell, Pa., ought to be able to come up with the relatively small sum without reaching into taxpayers’ pockets.

Read more: http://www.lehighvalleylive.com/lehigh-county/index.ssf/2014/06/tax_plan_adds_up_to_10_percent.html

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