Local governments Wilson Borough and Wilson Area School District have been falling all over themselves to help the for-profit private equity firm (Skyline Investment Group) build both luxury apartments and a high-end hotel in Wilson Borough. In addition to seeking a $29 million tax break to redevelop the vacant Dixie Cup factory, it already has received $838,257 in state grants. At Thursday night's meeting, Northampton County Council endorsed another $500,000 in state RACP grants. Skyline still another $9 million from the state. Without the local tax break known as a TIF, which amounts to about $29 million, it is seeking $124,338.257 in the form of outright grants or tax credits.
Skyline principal Brian Bartee was introduced by DCED Director Tina Smith, who told Council that the Zrinski administration supports this project. But what exactly is the project?
We all know that Skyline wants a $29 million TIF to turn Wilson Borough's vacant Dixie Cup factory, into luxury apartments that few can afford. That proposal failed last year. But with a new County Council, Bartee plans to get the county to join the borough and school district in awarding his project a TIF and apparently plans to seek county approval again sometime next month.
But does County Council even know there's much more? There was little discussion during the meeting as Council members told each other they were merely voting on a "pass through" grant. It's still the public's money, but Council member Lori Vargo Heffner was the sole NO vote.
Here's what County Council does not know but could have discovered if they looked at the actual application. It includes more than the Dixie Cup. It also includes what Skyline calls its "New Life," project, a plan to convert the 3-acre former LA Fitness site into a "premier hotel" known as The Wilson. According to Skyline, "130 hotel suites with 250 multifamily residences are planned that will feature 1920s-inspired art elegantly paired with modern amenities and exceptional service. Along with the introduction of approximately 163 permanent jobs, The Wilson will feature EV charging stations, a high staff-to-room ratio, and a suite of premium services.
Guests will enjoy the personalized attention of a dedicated butler, doorman, concierge, chauffeur, and
valet parking, all provided by a team of highly trained professionals committed to the highest standards of hospitality".
Do you think it's wise to spend public tax dollars for luxury apartments and a premier hotel that includes butlers and chauffeurs?
The grant application describes the site as a "brownfield," but that is completely untrue of the LA Fitness site.
Skyline has already been awarded $500,000 from an RACP application in 2024. It also received $163,257 from a DCED Multimodal Transportation Funding Grant and a $175,000 Greenways, Trails and Recreational Program grant. It is seeking even more grant money from PennDOT, DCED Mixed Use Housing Development, another DCED Greenways grant, another DCED multimodal transportation grant, and Pa Historic tax credits
It also wants $28.5 million in federal tax equity credits.

No comments:
Post a Comment