State mulls tax cred­its, exemp­tions for shop­ping mall con­ver­sions

(The Cen­ter Square) — Today’s decrepit shop­ping malls may become tomorrow’s mixed-use com­mu­ni­ties.
Mak­ing the con­ver­sion hap­pen, though, could be dri­ven by state grants, tax abate­ments and cred­its.
A pro­posed bill, House Bill 1799, would cre­ate tax cred­its and abate­ments, a grant pro­gram, and an out­reach pro­gram to encour­age rede­vel­op­ment of decrepit shop­ping malls into mixed-use areas of hous­ing and retail.
“Munic­i­pal­i­ties deserve a fair shot at rede­vel­op­ing out­dat­ed prop­er­ties,” Rep. Joshua Siegel, D‑Allentown, wrote in a leg­isla­tive memo. “Penn­syl­va­nia has a need for qual­i­ty and afford­able hous­ing, this bill pro­vides options to help solve these chal­lenges.”
Nation­al­ly, mall rede­vel­op­ments tend to be either mixed-use for hous­ing and retail, or they become office space. Shift­ing shop­ping pat­terns from in-per­son to online have under­cut some brick‑a …