Axalta Eyeing The Navy Yard For New Facility

 

Might something like this pop up at the Navy Yard? | Axalta Powder Coating Systems UK Limited location in Darlington, England, UK

Might something like this pop up at the Navy Yard? | Axalta Powder Coating Systems UK Limited location in Darlington, England, UK

  • A year after having arrived in Philadelphia upon its move from Wilmington, Axalta Coating Systems Ltd. is seeking an initial public offering of 45 million common shares today, each selling at $18 to $21 per share. The Du Pont-derived firm is in the process of getting the tax breaks in order to build a 200,000-square-foot manufacturing facility at the Navy Yard, reports the Philadelphia Business Journal.
  • As Fishtown Catholics struggle to save their historically Polish church of St. Laurentius from the shuttering instincts of the cash-strapped Archdiocese, some are taking their grievances to the top, says The Inquirer. Yet, local archdiocesan officials are hampering a direct appeal to the Vatican by removing all consecrated objects from the building this week in order to force the issue, alleges canon lawyer Kate Kuenstler. There exists some considerable disagreement as to just how unstable the 132-year-old house of worship really is.
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Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

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4 Comments


  1. yeah they’re eyeing the Navy Yard, not the tax breaks that they can get there. hey, here’s a real great idea: if tax breaks work so well at the navy yard and for cronies of our mayor and councilpersons, WHY NOT GIVE EVERYBODY IN PHILADELPHIA THE SAME TAX BREAKS?

    Oh right because then our politicians wouldn’t have as much power to play rainmaker/kingmaker for their buddies and a few select businesses who play ball.

  2. Is this an expansion or an entire move? It is counter productive to have these companies move from center city to the navy yard. Yes it is much better then having them leave the city altogether. But it would be great to have more people in center city. It is nice when a company that is from out of this area will make the move to the Navy Yard if they are skeptical of moving in CC. But it was sad that they moved Tastykake instead of them either building a new place in their historic neighborhood or totally refurbishing their old home.

  3. Yup. Moving from other parts of Philly to the navy yard is exactly what’s wrong with the tax code.

  4. SomeoneWhoKnowsSomething

    A few corrections to the misinformed complaints:
    – This is a new facility that would relocate from DE. Both of their PA locations will remain. All jobs created will be new to PA and Philly
    – Navy Yard offers KOZ benefits (a state, not city program – look it up); any qualified company that moves there is eligible – crony or not.
    – this would be a huge win for philly in terms of jobs, wage tax, and overall economic impact. Know the facts before you publish the hate.
    – RE: tastykake – nearly impossible to wholly renovate a 200K+ SF bakery while actively baking: construction, equipment, exposure to food product, etc. Unfortunately, Allegheny neighborhood is long past its manufacturing heyday..lots of dilapidated buildings, but not appropriate land, parking, loading, easy access to highways compared to navy yard location.

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