POTTSTOWN — With a 4-3 vote, borough council Monday night approved a tax-abatement incentive for a hearse and limousine business seeking to take over the vacant former 84 Lumber building at 451 Keystone Blvd.
Councilmen Dan Weand, Travis Gery and Joe Kirkland voted against extending the Keystone Opportunity Zone property tax break, while it was supported by Council President Stephen Toroney, vice president Jeff Chomnuk and council members Mark Gibson and Carol Kulp.
The matter now moves to the school board, which oversees a much larger slice of the borough’s tax burden and stands to sacrifice substantially more money under the proposed agreement. It is expected to vote on the matter at its March 25 meeting.
The Montgomery County Commissioners, who must also approve the deal, have indicated they will approve it as long as the borough and the school district do, according to Steve Bamford, Pottstown’s chief economic development officer and an advocate for the deal council approved.
Read more: http://www.pottsmerc.com/article/20130311/NEWS01/130319844/pottstown-council-oks-business-tax-break-with-4-3-vote#full_story