Commissioners Approve Two KOZ Designations, One on Hold
The Blair County Commissioners have approved two Keystone Opportunity Zone designations for properties in the City of Altoona and Greenfield Township.
Board members Tuesday voted unanimously to allow the former Wright Elementary School and the Southern Blair County Business Park to forgo property taxes for a 7-year period. A vote on a third property – the former Bon Secours Hospital site – was put on hold.
Commissioner Diane Meling says that’s because the board wants a payment in lieu of taxes designation attached to the property.
Meling says the KOZ would not allow the board to increase the designated PILOT payment. The county says the 11 acre site is currently over-assessed and the PILOT payment will be determined after the new marked value has been determined.
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