One final word on the NIZ fight now that Hanover withdrew their lawsuit.
What’s been interesting in the coverage of all these lawsuit withdrawals is that nobody’s talking about what had become the biggest issues toward the end of the debate:
1. that Allentown office rents would be so low they’d poach suburban tenants
2. that the NIZ land area was too big, esp. the waterfront
3. that it will hurt developer interest in more greenfield development in the suburbs
None of the articles mention this stuff, but the townships and suburban developers lost bad on all counts. Steve Thode’s doomsday prophecy about a shift in investment flows from the periphery to the core (an unabashed benefit in my view) still appears quite likely to come to pass.
It’s all good news to me, but I just think its weird that nobody’s talking about how the townships’ biggest complaints toward the end were not addressed at all in the state budget.
Let the poaching begin!