Official News About Your Arena
State and local income taxes collected from the NIZ district exceeded $31 million dollars in 2012. After the Authority took the yearly arena debt service off the top, the remainder went to J. B. Reilly's Ever Expanding Empire Incorporated. Remaining funds, which will never exist, are earmarked for the children and seniors of Pennsylvania.
CUNA and The Community Action Committee of Lehigh Valley, have decided to go their separate ways in extracting community benefit from the arena complex. Jenning's group will be getting a percentage of loans made to developers by the Arena Authority, on which he sits. CUNA members will be getting a discount on hotdogs and soda at all arena events.
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