spot_imgspot_img

Despite stifling taxes, Philly leaders counter narrative of decline

spot_img

(The Center Square) — For downtowns in the largest American cities, leaders see a turning point coming in recovering from the pandemic and building for the future.

“A lot of things that we’ve become frustrated with can be dramatically changed as we go forward — but not if we stay asleep,” Paul Levy, leader of the Center City District in Philadelphia, said in a keynote address during the Saul Ewing National Real Estate Conference on Thursday. “This is the moment for business and civic leadership to shape the recovery.”

Levy, who has led the business-improvement district in Philadelphia since 1991, lamented that city leaders “set up a disincentive” in the form of a business-repelling wage tax. Problems like slow economic growth, high poverty rates, and taxes before the pandemic were made even worse when COVID-19 hit, he said.

“When I focus on the wage tax and business taxes, that to me has been the biggest depressant of job growth in this city,” Levy said.

While demurring to endorse or oppose the proposed 76ers basketball arena on Market Street, he argued the street was incomplete, falling short of its potential as a visitor corridor.

“I am in favor of really anything that can add density, that can add vitality, if it is well-designed, if it’s well-integrated into the city, and if we can manage its transportation impact,” Levy said. “The arena is just the pretext for doing what we needed to do for the last 20 years, which is fill in the gaps on Market East.”

The CCD released an analysis of downtown recovery in October, noting that downtown numbers are still down, but approaching 2019 levels. Cities with a larger share of workers in industries where remote work is possible have been slower to recover, as have cities with fewer residents who live close to work.

For recovery, much of that action is out of the hands of mayors and elected officials.

They can, however, require local, state, and federal government workers to return to the office and avoid an “urban doom loop,” Levy said. “Frankly, this needs to be done in the private sector taking the lead in terms of revitalizing their cities.”

Though Philadelphia saw a dramatic spike in murders in 2020 and residents worry about crime, the financial stability of the public transit system, and affordability concerns, Levy argued against cynicism and the inevitability of decline.

“Different leadership in this city, different energy, changes trajectory,” Levy said. “We’ve lived through these cycles before … we know how to do this — we just can’t accept it’s gonna happen on its own, it’s going to take really concerted leadership.”

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

‘We’re not out of the woods yet’: Seattle budget OK’d amid lurking challenges

(The Center Square) – The Seattle City Council approved...

Jury awaits ex-alderman’s secret recordings of Madigan at corruption trial

(The Center Square) – The bribery and racketeering trial...

Transportation secretary projects high volume of travel

Travel is expected to be high for the Thanksgiving...

Forecast is positive for state revenue from busy holiday travel

(The Center Square) – Despite the fifth-highest tax in...

Spokane officials propose $200k extension to save police nonprofit

(The Center Square) - Spokane COPS, a local police...

Report finds Louisiana state funds doubled in last four years

(The Center Square) — Louisiana's state-dedicated funds saw over...

Greene-DOGE collaboration draws snark from Democrats

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., slammed a Republican colleague's...

More like this
Related

‘We’re not out of the woods yet’: Seattle budget OK’d amid lurking challenges

(The Center Square) – The Seattle City Council approved...

Jury awaits ex-alderman’s secret recordings of Madigan at corruption trial

(The Center Square) – The bribery and racketeering trial...

Transportation secretary projects high volume of travel

Travel is expected to be high for the Thanksgiving...

Forecast is positive for state revenue from busy holiday travel

(The Center Square) – Despite the fifth-highest tax in...