The Cira Centre South, a proposed office tower near the Cira Centre next to 30th Street Station along the western banks of the Schuylkill River, took a step forward today with support from City Council's Committee on Finance to extend tax benefits for developers by seven years. The committee voted to support legislation that would extend the Keystone Opportunity Zone benefits to 2025. That move needs approval in Harrisburg.
Mayor Nutter supports the plan. "It's an incredible opportunity for the city to bring net new jobs to Philadelphia," Nutter said of the committee's vote. "We're going to do our part. Hopefully the state will take action as well."
Two Center City landlords sent a letter to Council, objecting to the extension of the KOZ, but did not testify during yesterday's hearing against the plan. Some Center City landlords previously objected to granting KOZ benefits to the Cira Centre. Both projects are being overseen by the Brandywine Realty Trust.