The Morning Call has spun Reilly's NIZ since before it began. The newspaper, whose building was included in the NIZ map even though it was on the wrong side of Linden Street, has acted as a virtual press agent for Reilly's NIZ, aka City Center Real Estate. A half dozen reporters, who have come and gone, have written a hundred articles promoting every new building in Reilly's empire.
Yesterday's article concedes that the vendors have turned over in the Market place, but reports that now it's a hopping success. It's nice for Reilly that he never had to hire a publicist. He in turn bought the Morning Call building for a cigarette warehouse. As if the state taxes diverted for his debt service wasn't enough, Pat Browne sweetened Reilly's pot with the state cigarette tax.
While this blog covered the story of the displaced former merchants of downtown, the newspaper never had a word to say about their plight. You may not be able to read about Reilly's Art Walk Market place, that article is a treat for Morning Call subscribers only.
ADDENDUM: The previous Morning Call Reilly promotion on Wednesday told us that Allentown developers poured millions of dollars into office space. The article did refer to a unique tax plan, but didn't elaborate on how unique it is. There has always been tax incentives for center city, at least since the 1970's. Those incentives, such as the KOZ (Keystone Opportunity Zone), gave developers reduced taxes. The NIZ actually takes employee state taxes and gives them to Reilly for his debt service on the buildings...So we have privately owned buildings being paid for by the public. We taxpayers then also have to pony up or give up for other state services. This year Pa. held back on $100 million which was going to be used for school vouchers. Over $70 million went to Reilly's debt service, you do the math.





