Pottstown Council OKs Business Tax Break With 4-3 Vote

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

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

Pottstown Borough Council Dickers Over Tax Abatement Deal

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

Editor’s note:  Pottstown is already perceived as NOT business friendly.  Companies aren’t rushing to relocate there.  The KOZ site is empty.  The best chance of enticing other companies to build there is to get a business in there STAT.  Then you can market away.  These tax abatements are the cost of doing business.  Sadly, not many on council understand that.

POTTSTOWN — Several borough council members Wednesday picked at a proposed tax relief deal floated to bring a new business to town, saying the borough is giving too much away.

The discussion centers around the former 84 Lumber truss assembly plant at 451 Keystone Blvd., which a Conshohocken business wants to buy for a hearse and limousine company that would bring half a dozen jobs to the borough.

The site is located in Pottstown’s mostly moribund Keystone Opportunity Zone, which would allow for a property tax abatement on the property, with the agreement of council and the school board.

After knocking the subject around at the joint meeting between borough council and the school board on Feb. 26, Borough Manager Mark Flanders and Schools Superintendent Jeff Sparagana were tasked with negotiating with Jay Lankford of Heritage Coach Co. Inc. to iron out a deal all sides could agree on.

Read more:   http://www.pottsmerc.com/article/20130308/NEWS01/130309489/pottstown-council-dickers-over-tax-abatement-deal#full_story

Pottstown Joint Meeting Wrestles With Jobs Versus Lost Tax Dollars

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

POTTSTOWN — During the first joint meeting of the year between borough council and the Pottstown School Board, discussion was free-flowing and frequent.

Perhaps highest on the list, and the subject which generated the most focused conversation, had to do with a business that wants to occupy the former 84 Lumber truss plant at the end of Keystone Boulevard.

Steve Bamford, the director of Pottstown Area Industrial Development Inc. and the borough’s chief economic development officer, gave for the third time, an overview of the Keystone Opportunity Zone program and the request from Heritage Coach Co. to occupy some of the space there.

Sellers of hearses and limousines, Heritage began as a side business for the Lankford family, which also operated a GM dealership in Conshohocken that was shut down during what Jay Lankford, a Hill School graduate, called GM’s “political sham of a bankruptcy.”

Read more:  http://www.pottsmerc.com/article/20130228/NEWS01/130229383/pottstown-joint-meeting-wrestles-with-jobs-vs-lost-tax-dollars#full_story