Thursday, November 5, 2015

Nearly $238 Million More Approved By NIZ Board

"The Allentown Neighborhood Improvement Zone Development Authority on Wednesday approved nearly $238 million of new development with the majority of it belonging to Reilly, the owner of City Center Investment Corp...

The board’s final approval was for Alvin H. Butz’s nearly $18 million eight-story phase two office building to be located behind its corporate center location at Ninth and Hamilton streets."

My Comments About The Article Above
That's almost a quarter billion dollar$ more !
How many taxpayers alive today will live long enough to benefit even if it's successful?

How much will state & local taxes rise to pay for all these pretty buildings?

Is the owner/developer of the 'Americus Hotel' ever going to get any approved for his (or anyone else for that matter) other then these chosen few?

There's no end in sight. Is there anyone who will stand up and say when enough is enough?



MOST IMPORTANTLY:
Can anyone explain to me if or how they will directly benefit from them personally?


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1 comment:

  1. LVCIThursday, November 5, 2015 at 9:53:00 AM EST

    One of the great ironies here is while Pennsylvania is holding back money for months over the ongoing budget battles... The NIZ rolls ahead full steam with no such delays.

    Great set of priorities ain't it!

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