Coatesville Dems: Mark Milanese about the Coatesville Action Corporation-CAP and Historic Investment Tax Credits.

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Public Corruption in Chester County, PA

I believe an unlikely mix of alleged drug trafficking related politicos and alleged white nationalist related politicos united to elect the infamous “Bloc of Four” in the abysmal voter turnout election of 2005. During their four year term the drug business was good again and white nationalists used Coatesville as an example on white supremacist websites like “Stormfront”. Strong community organization and support from law enforcement, in particular Chester County District Attorney Joseph W. Carroll has begun to turn our community around. The Chester County drug trafficking that I believe centers on Coatesville continues and I believe we still have public officials in place that profit from the drug sales. But the people here are amazing and continue to work against the odds to make Coatesville a good place to live.

Saturday, March 5, 2011

Mark Milanese about the Coatesville Action Corporation-CAP and Historic Investment Tax Credits.

Mark Milanese CAP and Investment Tax Credit.mp3

"So maybe I can shed a little light on what the Coatesville Action Corporation did at that time and why. And what was accomplished.
So then Nancy was hired to create a Historic District and this was done between 1^st and 4^th from Fleetwood to Oak. Basically every property was surveyed, catalogued and a history was compiled. And those records are still at the County and available for anyone to procure.

So that was the first phase of the application for Historic Investment Tax Credits. There’s three phases. The intent was with that first phase completed that property owners would have the ability to develop properties in accordance with the Secretary of the Interior’s Guidelines on Historic Preservations. Those tax credits would allow them to develop properties. Either by selling the investment tax credit to people who needed tax credits because, let’s face it; property owners more often than not didn’t need income tax credit. They needed income. They didn’t need credit, they didn’t have income. So by selling those credits they could perhaps develop to the standards of the Secretary of the Interior. Of course, ultimately not one single property owner took advantage of that Investment Tax Credit and that’s not uncommon."