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DiCicco to Introduce Ikea Bill
By David Fitz, Legislative Assistant to Councilman Frank DiCicco
Wednesday, 11/20/02
(1037850962335)
View photos of the future Ikea site.
Note: the following press release is from
Councilman DiCicco's office.
City Hall - Councilman Frank DiCicco will introduce a zoning bill at
tomorrow's City Council Session that will pave the way for IKEA to
build its first store in Philadelphia.
As a result of several meetings with IKEA's representatives, the bill
provides a winning formula for all of the parties involved in this
important project.
For IKEA, it allows them to stay on schedule for the opening of their
store in spring 2004. This means not only short-term construction
jobs but also the creation of more than 500 long-term jobs with an
average salary of $13.00 per hour plus benefits.
IKEA is also expected to generate approximately $1,000,000.00 in sales
tax revenue as well as additional wage tax and use & occupancy tax
revenue.
For the port of Philadelphia, it will allow the continued growth of
port facilities to deal with the expected increase in cargo traffic
generated by its recent designation as a "Strategic Port" by the
Department of Defense.
For the community, this bill will provide both job opportunities as
well as an increase in the variety of retail establishments accessible
to all Philadelphia residents.
Councilman DiCicco described this bill as a "Win-Win-Win" scenario for
everyone involved.
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