It's not easy being a student of the arena project, there's no text book, and the lectures are not announced. Although State Senator Pat Brown did recently reveal that property taxes could be utilized in a pinch, even the local taxing bodies were kept out of the loop. Thanks to Morning Call reporter Adam Clark, we now learn that this secretive scheme, known as the Neighborhood Improvement Zone (NIZ), can be used by private investors. Real estate investor J.B. Reilly can use taxes generated on his newly acquired properties to make payments on a $20 million dollar loan. Although Reilly has owned a building across from the arena for over a decade, he has been acquiring additional property in the area. City Hall has claimed that secrecy was necessary to acquire real estate in the target block for the public good. Apparently, this policy has profited some select individuals as well.
Cubby Checker introduced a new song and dance in the early 60's called the Twist.