Condo plan dead? - PittsburghLIVE.com Unless Mt. Lebanon commissioners and the school board approve tax-increment financing worth $4.5 million over 20 years, a plan to build a $28.8 million luxury condo complex will not happen, a developer said.Don't do the deal. Don't make the TIF. If the condo project can't be done on its own merits, in a sustainable way, then tell the developer to scram. You don't need to bribe real business owners to move into the neighborhood.
Zamagias Properties gave commissioners a brief overview this week of the plan to build 60 condos at Washington and Bower Hill roads, a longtime vacant strip of land. School directors were briefed last week.
When everyone pays their full share of the tax load, then everyone gets equal treatment. When that happens, real development can occur.
Once you give a break to one favorite -- then no others are going to be inclinded to move there too unless they get a break as well. Why move in when you have to compete agasint those who are already given favorite status? Why move somewhere where justice is absent?
Mt. Lebo residents should fight hard against the TIF. Don't stand for it.