(115th in a series of posts on parking)
Steve Melnick is a retired economic development executive and a 25-year resident of Bethlehem.
It strains my credulity to believe that one developer willingly overpaid by some $200,000 dollars and then asked to be included in the CRIZ to recoup some of the costs of the proiect and the other developer didn’t ask for the same benefit. This decision leaves many questions unanswered. One developer has national retail clients lined up and the other one doesn’t. One developer asks for financial incentives after agreeing to pay $200,000 more than the other and doesn’t bring as much experience to the project. It seems to me that after overpaying for their last project, the BPA took the extra cash simply to offset any deficits they may have. Long range benefits be damned.