Map of Pennsylvania highlighting Lehigh County (Photo credit: Wikipedia)
The Lehigh County commissioners on Wednesday night rejected tax financing for Hamilton Crossings, possibly closing the door to popular retailers Costco and Whole Foods in the Lehigh Valley.
Developers of the proposed $140 million Costco-anchored shopping center in Lower Macungie Township have said they will walk away without tax increment financing, which required support from the county, township and the East Penn School District.
County commissioners were considered the most significant hurdle to the TIF proposal, which would allow up to $7 million in tax dollars generated by the shopping center to be used to finance the work.
Commissioners shot down the TIF in a 6-3 vote that broke from their usual voting blocs and surprised many. Commissioners Tom Creighton, Percy Dougherty and David Jones voted in favor of the proposal; Commissioners Scott Ott, Lisa Scheller, Mike Schware, Brad Osborne, Vic Mazziotti and Dan McCarthy voted against it.
Read more: http://www.mcall.com/news/breaking/mc-lehigh-county-costco-tif-20130626,0,2078873.story#ixzz2XQao9y4y
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