Feb 26, 2014
Arena Authority Potty Training Abdouche
today's Morning Call, Albert Abdouche must jump through numerous hoops to receive the benefit of NIZ financing for the Americus property. Abdouche proposes a hotel on the lower floors, with apartments on the upper. Although the apartments are feasible, the hotel is not. This blog has previously stated that the new arena hotel will render the Holiday Inn, at 9th Street, to second class status, at best. Who could possibly believe that center city can support three hotels? Apparently, not the NIZ Board, because they have imposed requirements on Abdouche not inflicted upon the other beneficiaries of their financing. While J.B. Reilly was fronted money on his projects, Albert must secure his own financing. It's an enormous building, for which I believe the GodFathers have a plan, but I'm not sure that Abdouche is part of it.