When I spoke at City Council several meetings ago, behind me in line was J.B. Reilly. He told the Council that the water deal was good for Allentown, and that we better take the deal, while the taking was good. I thought of the old E.F. Hutton commercial, when everyone in the dining room goes quiet, to hear the oracle. Of course what he was saying was not true, time is not of the essence with any water offer; But, he is a genuine tycoon. Council President Guridy should have been offended that Pawlowski would send Reilly to lecture them, but both he and The Morning Call were impressed. It's not cheap to hire Reilly for the evening. The City just sold $224 million of municipal bonds to finance Reilly's projects. Two weeks ago, Reilly closed on the former 1st National Bank on the northeast corner of the square. The building is being prepped for demolition. Although the City just approved several more parcels for the NIZ, don't expect them to float more bonds for the junior varsity.