Why the Keystone Opportunity Zone Program still exists though it’s an abject failure

“Benign mercantilist” is its own taxable category as part of Pennsylvania’s Keystone Opportunity Zone (KOZ) Program. It costs the city and the school district about $27 million in revenue a year. Philadelphia has foregone a total of $384 million in revenue through the KOZ Program between 1998 and 2012, according to the Controller’s Office. To understand the initiative’s rationale, imagine Read More …

Where do bad homes go when they die?

Barry S. Slosberg Inc. of 2501 East Ontario Street in Philadelphia’s Port Richmond neighborhood today auctioned 23 properties acquired by the City of Philadelphia via criminal forfeiture. The Philadelphia District Attorney’s (DA’s) Office seized all properties auctioned today in conjunction with drug crime convictions. They represent a combined value of around $1.6 million, according to Philadelphia Office of Property Assessment data. Read More …