8/24/17
by News Department on 08/24/17Tax break...
The Schuylkill County commissioners signed off on a 10-year tax break Wednesday for the redevelopment company planning to demolish the Schuylkill Mall.
According to the Republican Herald, the Local Economic Revitalization Tax Assistance program grants NorthPoint Development, a redevelopment company based in Missouri, a 50 percent tax break over the next 10 years on any increased property value.
New Castle Township and the Saint Clair Area School District had already approved their portions of the LERTA agreement.
Last week, Brian Hansbury, Schuylkill Economic Development Corp. vice president, outlined NorthPoint Development’s plans to demolish the mall and build two industrial buildings supporting hundreds of new jobs.
Demolition is set to start in the fall.
