Philly school board rejects tax break for Hilco’s refinery redevelopment project


Philly school board rejects tax break for Hilco's refinery redevelopment project

Hilco previously said the project to demolish and rebuild the site would create 8,000 union construction jobs and 10,000 permanent jobs. Ahead of the school board vote, Hilco on Tuesday boosted those numbers, saying a new economic impact study conducted by Econsult estimated the project would generate 19,000 full-time, permanent, direct and indirect jobs, and deliver an annual economic impact of about $3 billion to the region at build-out, after about a decade. It would also generate 13,000 construction jobs.




Source link