Legislative findings; declaration of policy

Act 88 of 1989, § 1, under PROPERTY TAX EXEMPTIONS IN FIRST CLASS COUNTY AND CITY.

Act 88 of 1989, § 1

Section 1. Legislative findings; declaration of policy.

It is hereby determined and declared as a matter of legislative finding:

(1) That the health, safety and general welfare of the

people of the city of the first class are directly dependent

upon the continual encouragement, development, growth and

expansion of business, commerce and tourism.

(2) That unemployment and the continuation and spread of

poverty can be alleviated by the promotion, attraction,

stimulation, development and expansion of business, commerce

and tourism in cities of the first class.

(3) That development of a major multipurpose sports and

entertainment complex and accessory uses is most appropriate

in a city of the first class, which, because of its size, is

capable of retaining and supporting professional as well as

amateur sports teams and attracting major national sporting,

and musical and cultural events; and that attraction of

business and tourism to a city of the first class as a result

of the development of such a facility and its accessory uses

will be an important factor in the continued encouragement,

promotion, attraction, stimulation, development, growth and

expansion of business, commerce and tourism within a city of

the first class.

(4) That the development of a multipurpose sports and

entertainment complex will benefit the hotel and restaurant

industries and related businesses whose livelihood is

dependent thereon throughout the entire area where such

facility is located.

(5) That the development and promotion of a multipurpose

sports and entertainment complex on public property in a city

of the first class, which will provide significant benefits

to the general public, will require the expenditure of

substantial private funds.

(6) That it is appropriate that in a city of the first

class, a multipurpose sports and entertainment complex

located on public property be exempt from real estate tax in

recognition of its public purpose in promoting business,

commerce and tourism and providing a location for

professional and amateur sporting events and musical,

cultural and entertainment events.

(7) That to promote, encourage and enable the

development on public property of a major multipurpose sports

and entertainment complex to benefit the general welfare in a

city of the first class, such a facility must be exempt from

real estate tax in recognition of its public purpose.

(8) That the development of a multipurpose sports and

entertainment complex can benefit distressed or

underdeveloped areas in the same community or in adjoining

communities.