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Top PA tax-dodger gets $5M more in state grants
The Web site for the award-winning alternative weekly, the Philadelphia City Paper.
Top PA tax-dodger gets $5M more in state grants
This week, Gov. Corbett announced the year's first round of Redevelopment Assistance Capital Program grants (RACP). A number of Philly entities — all but one of them nonprofit or public institutions — cashed in for anywhere from $500,000 to $5 million. Also receiving the state's largesse: An offshoot of Sunoco, a company that was recently named in a study as one of the Pennsylvania biggest tax-dodgers.
The RACP round included $5 million for a new art-handling facility for the Philadelphia Museum of Art, $500,000 for the Enterprise Center CDC's open but half-vacant Culinary Enterprise Center, $1.3 million for the zoo, $3 million for a parking garage and ambulatory care center at CHoP, $2.5 million for a University of the Sciences technology center, $1 million for a clinical learning center at PCOM — and $5 million for Philadelphia Energy Solutions (PES).
PES is, of course, the joint venture between Sunoco and the Carlyle Group, which is using the money to help refurbish the Philly refinery's catalytic cracker unit. They plan to invest $200 million in the plant, but are also supposed to be getting a promised $25 million in state grants plus "the possibility of a tax-free zone."
Sunoco is, of course, one of the top three companies in Pennsylvania when it comes to exploiting state tax loopholes by offshoring, according to a recent report by PennPIRG. Such loopholes cost Pennsylvania an estimated $2.1 billion a year.
Meanwhile, Philadelphia Authority for Industrial Development is getting $4 million to develop its Central Green, pictured below, in the Navy Yard.
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