Congressional Republicans’ preliminary plan tax plan would levy a 1.4 percent tax on many private colleges and universities in the Philadelphia region, WHYY News’ Laura Benshoff reports. The tax, which would pull from endowment investment income for schools with at least the equivalent of $100,000 in endowment per full-time student, would apply to private schools in the area including Swarthmore College, Thomas Jefferson University, the University of Pennsylvania, and Princeton University.
Wolf’s recent approval to create 10 new mini-casinos has mixed reviews from cities. Businesses and officials consider the pros—advocates say casinos bring tax revenue, tourism, jobs, and “spin-off economic development,” vs. the cons—Lancaster Mayor Rick Gray calls gambling revenue a “regressive fee on the hopes of poor people.” Casinos consider a potential new market share stream vs. “threat to its business” in this “uniquely awkward position.” Municipalities can vote to create or ban mini-casinos
On the economic development opportunities from Conrail’s donation of the Schuylkill River Swing Bridge to the city: if previous developments along the river trail can be any indicator, the gift brings more than just a passageway between Gray’s Ferry Crescent Trail and Bartram’s Mile. PIDC’s John Grady says that since PCPC adopted Lower Schuylkill Master Plan, “nearly $100 million of private investment has occurred along the lower river.” Grady highlighted new facilities, infrastructure, and nearly 65 new companies built around the Schuylkill River Trail.
City officials announced the plan to move the Rizzo statue to an as-yet undetermined location Friday. WHYY News’ Dana DiFilippo and Tom MacDonald speak with the late mayor’s family members, sculptor Zenos Frudakis, and Black Lives Matter organizer Asa Khalif about the decision.
Did you know, the Wissahickon Creek once housed about 50 watermills manufacturing textiles, paper, and lumber? Green Philly Blog goes into a bit of history of Wissahickon Valley Park. For more on the Wissahickon Gateway Multi-Modal Improvement Plan, check out our recap of SEPTA and the Planning Commission’s recent open house.
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