CHAMBERSBURG, Pa. - Tax breaks for property owners who improve their homes and businesses in the downtown over the next four years are being proposed by Downtown Chambersburg Inc. President Paul Cullinane.
This week, Cullinane asked the Chambersburg Borough Council to consider a Local Economic Revitalization Tax Assistance zone, which the borough has authorized three times in the past - in 1981, 1997 and 2000.
In his presentation to the borough council Monday, Cullinane said the previous LERTA zone designations, including two that ran consecutively from 1997 to 2005, resulted in more than $11 million in improvements downtown. From 2000 to 2005, projects included expanding F&M Trust's offices on Memorial Square, the Capitol Theatre Center on South Main Street and the Chambersburg Heritage Center on Lincoln Way East, according to the presentation.
Borough Manager Eric Oyer said Thursday the council is interested in establishing a new LERTA zone that would incorporate the Elm Street area and some other "deteriorating neighborhoods." He said that could include the area around Broad Street in the borough's North End and some West End neighborhoods, but those have yet to be defined, he said.