Any other buildings that should’ve been in the NIZ borders but aren’t?
Matt Assad reports that the state will let the Americus hotel in:
Vacant and dilapidated the past nine years, Allentown’s 12-story Americus Center Hotel got good news this week when the state decided the city can alter the borders of its downtown arena zone to include the historic hotel.
Any changes to the borders of its Neighborhood Improvement Zone, Pennsylvania Department of Revenue officials say, must be made before bonds are sold to fund the $220 million arena complex.
With the arena authority preparing to sell bonds next month, it means city officials will have to work fast, said Sara Hailstone, Allentown director of community and economic development.
“We will need to follow up with the Department of Revenue and work through the details,” Hailstone said. “This is a great opportunity for the city.”