Feb 29, 2016
Allentown's NIZ Revealed
Although the office workers and their income taxes used for Reilly's mortgage debt service are real, this blog has always maintained that the so called demand for restaurants and high end stores is fakery. Worse, that fakery is hyped as reality by The Morning Call. Between the lines of the Shula's Bankruptcy, my contention is proved correct. Shula's owed virtually every vendor they dealt with money. They were just another prop in Reilly's illusion show. Reilly operates the Dime and the Starbucks himself, and reportedly provided the liquor licenses to several of the other eating spots. I also still contend that there are many ghost tenants in the Strata Flats, as indicated by dark windows and few people seen, coming or going. Although, none of this is a crime, the paper printing the promotions as news, is disturbing.
photocredit:Harry Fisher/The Morning Call