Sometime in 2014 (the developers are shooting for late summer), 150 or more Philadelphia area teachers will start making their homes in what was a 170,000-square-foot, late-19th-century eyesore at Front and Oxford.
The Pennsylvania Gaming Control Board held its second day of hearings at the Convention Center yesterday. During one of the breaks I had a chance to talk with Ken Goldenberg, founder and president of the Goldenberg Group, a leader of Market8, one of the six groups pitching the board to win the right to develop Philadelphia’s second casino. Goldenberg, a Harvard Law, Wharton and Germantown Academy graduate, argues that “the city’s future and fortune rise and fall with the success of Market East.”
Let’s start with the bad news about Philadelphia’s never-ending property assessment saga: Richie McKeithen, the city’s chief assessor, says that out of the approximately 31,000 appeals the city’s received, “a huge number” will not result in reduced assessments for those who filed.
Now the good news: Only 31,000–according to McKeithen–filed, which means the other 548,000 city property owners did not ask to have their new assessments reviewed.