Nov 14, 2008
Morning Call Pimps Brew Works
The Morning Call blog, Queen City Daily, which only does about one post a week, is promoting real estate for the Brew Works*. I have to pay to advertise real estate, and pay dearly. The available space at the Brew Works is completely overhauled and upgraded. The reporter failed to mention the Brew Works received between five and seven million dollars in taxpayer grants** to pay for those improvements. I have to improve my property through savings and bank loans. The space at the Brew Works is being promoted by the Lehigh Valley Economic Development Corporation. I have to stand outside in the dark, waiting for prospective tenants to show up at my property. The reporter who wrote this piece for the Morning Call is well intentioned, he is just not cognitive of the inequalities our politicians have inflicted upon the marketplace. Here's some questions I would ask; Who owns the Brew Work Building? Who would receive the income from either the rental or sale of the upper floors? Has the building been legally subdivided? Who decides which owners benefit from the LVEDC promotions?
** There has been a smorgasbord of subsidies bestowed upon this project. Relief from taxes under the KOZ, some are outright grants, such as facade, others are HUD loans, which can be forgiven. There has also been unique considerations from the Parking Authority and other promotions funded by taxpayers.