Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Yeah, good news for the city, but wow -- what a cost! I really hate it when cities cannibalize companies from one-another, giving for-profit companies even more money just for their presence/tax base. I hate it whether it's between different states, or within the state, and especially within the metro area. It's really the company's fault for pitting cities against each other, looking for the biggest handout.
You're absolutely right. It really does amount to corporate welfare, and it's a zero-sum game for local/state governments. But at the very least it will tremendously benefit city that sorely needs a new jobs base, not to mention bring jobs back to the urban core of the metro.
Obviously this is just a plan, and if it does get built I don't even want to know the size of the tax break, but one Philadelphia's major players in Real Estate bought 16 acres along the Camden Waterfront and plan on building Camden a skyline. The buildings look sick.
A little background of the current situation in the city:
Quote:
Camden has been steadily trying to rise out of a decades-long doldrums that saw jobs and companies flee, crime and poverty rise and investment, especially from the private sector, lacking.
But state officials believe that the seeds for change have finally been sewn as a result of their efforts and those of others, who are banking on the city having a bright future.
There have been several high-profile companies that have decided to move there because of the tax breaks, including American Waterworks, Subaru of America Inc. and, more recently, an international metal recycling company.
Cooper Medical School is up and running, and now has an M.D. Anderson Cancer Center affiliated with it, and Brandywine Realty Trust (NYSE: BDN) was named master developer of 13 acres that Campbell Soup Co. owns and is expected to create a new gateway for Camden.
Those additions join some other established venues along the waterfront including Adventure Aquarium, Susquehanna Bank Center, Campbell’s Field and other attractions.
Obviously this is just a plan, and if it does get built I don't even want to know the size of the tax break, but one Philadelphia's major players in Real Estate bought 16 acres along the Camden Waterfront and plan on building Camden a skyline. The buildings look sick.
A little background of the current situation in the city:
I tried to look up skylines for all 3 cities and I guess if this plan comes together (which I hope it does just to uplift Camden, NJ) it will win on skylines out of these 3 by far.
Gotta start somewhere. There are some good things starting to happen there but there's such a long way to go also.
In my opinion "the starting point" of recovery has been the successes of the Susquehanna Bank Center, Adventure Aquarium, etc. and also crime has peaked and began to decline in the last couple years. This is like Part 1A of the recovery plan. $2B of investment for a city of 76,000 people is quite a lot.
The waterfront has a number of things to do already: Attractions
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
