While I was at the Lehigh River to scrutinize the Neuweiler money pit, I decided to check on Mr. Janidl's project, just slightly upstream.
As subscribers know, I'm not a fan of the NIZ. That prejudice aside, my compliments to the Jaindl Company. They have built an impressive building, nicely situated on the river. The riverscape has been enhanced with artifacts from Lehigh Structural Steel, which was the river's previous longterm tenant.
This first building will be joined by more commercial and residential opportunities. American Bank, Jaindl owned, already has an office there. That may well mean that the bank's payroll is now going through an NIZ address, allowing Janidl to harvest the state taxes for debt service on the new building. The same shenanigans are taking place up on Hamilton Street, with the LVHN payroll servicing Reilly's empire.
At least Janidl's river project is aesthetically pleasing. Wonder how he would feel about a blogger as tenant?






