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Developers present Brandywine View plan; analysts say LERTA needed to make 562-unit project feasible
Summary
Developer representatives told the Coatesville Area School District finance committee on Sept. 9 that the 75-acre Brandywine View project at 320 Adams Drive would require a LERTA tax-abatement schedule to be economically viable; a district fiscal analysis projects about 68 public-school students at full build-out and a net positive district revenue after year five.
Developer representatives and their fiscal analyst presented the Brandywine View proposal to the Coatesville Area School District finance committee on Sept. 9, asking the district to consider a Local Economic Revitalization Tax Assistance (LERTA) schedule to make the 75-acre project feasible.
Attorney Gina Gerber, representing the developer, said the site is "a property at 320 Adams Drive" in Coatesville and stressed topography and rocky conditions have made previous efforts unsuccessful. She described a project scaled to about 562 total housing units across multifamily apartments and townhomes and said the city has been supportive of the proposal.
David C. Babbitt of…
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