I agree with much of this post from Rich Wilkins, but I strongly disagree with the headline and the characterization of what Lehigh County Authority’s doing as a bailout. I don’t think that was actually Rich’s point, but that’s how the Tea People are talking about this.
The LCA is paying money to Allentown, and in return they’re getting control of a valuable asset. That’s not a bailout. When I go to Chipotle and buy a Burrito Bowl, I’m not bailing out Chipotle. They get money, and I get a delicious lunch.