Daily News | 🏘️ Reshaped Philly neighborhoods | Morning Newsletter
The Inquirer mapped out two decades of Philadelphia’s 10-year tax abatement for residential development to see where the policy was put to use and what neighborhoods were left out.Reinvestment trends tend to advance along geographically contiguous and predictable lines.
Contrary to popular perceptions of gentrification, new development dollars and new city residents are more likely to beMajority Black neighborhoods are less likely to see investment, even with a policy like the 10-year tax abatement in place.There are exceptional cases where such communities see heavy abatement use, but they are always next door to areas where reinvestment is already booming.
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