14 Nisan 2012 Cumartesi

Join the Party

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Mayor Pawlowski has told developers concerned about the unlevel NIZ playing field that they are welcome to join the party. He left out a couple important passwords in that invitation. First of all, their project must be approved by the NIZ Pawlowski appointed, connected board.
Pawlowski said. "It's hypocrisy of the highest degree. This whole argument is ludicrous. No one is stopping Rich Thulin or any other developer from taking advantage of the NIZ."
Remember that the displaced merchants, despite meeting with the City and Pat Browne, were never told that NIZ tax benefits were available for private parties. Secondly, J.B. Reilly has already purchased most of the available surrounding properties adjoining the arena block. He did this with $20million dollars provided by the City (ACIDA), which is repayable by NIZ taxes, although it was not assigned to a particular property or project. This seed or hand money was not offered to any other developer, or even mentioned in the rules specified after the fact. With two exceptions, Reilly now owns all the property on the entire block from Hamilton to Walnut, 7th to 8th.

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