|Park and Shop Lots|
Flash ahead thirty five years to another downward market, and we have one gentleman, J.B. Reilly, buying up center-city with municipal bonds backed by state taxes. Reilly has purchased far more property than ever owned by Park and Shop. He has purchased virtually the four square blocks surrounding the arena, a significant portion of the Neighborhood Improvement Zone(NIZ). Again the process was facilitated by our elected officials. Let us hope that the new monarchy will be as benevolent as the old oligarchy.