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ARTICLE · 08 MARCH 2016

Authority: PPL Plaza Hurt By ‘Bad Business Judgment,' Not NIZ

Fox Rothschild LLP
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According to federal court documents filed Monday by the Allentown Neighborhood Improvement Zone Development Authority's (ANIZDA) attorney, the owners of PPL Plaza can't blame ANIZDA...

United StatesLitigation, Mediation & Arbitration
The Morning Call
The Morning Call
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Gerald E. Arth was featured in The Morning Call article, "Authority: PPL Plaza Hurt by 'Bad Business Judgment,' Not NIZ." Full text can be found in the February 23, 2016, issue, but a synopsis is below.

According to federal court documents filed Monday by the Allentown Neighborhood Improvement Zone Development Authority's (ANIZDA) attorney, the owners of PPL Plaza can't blame ANIZDA for their financial troubles.

"Any future inability of [PPL Plaza's owners] to meet its debt service will be due to plaintiff's bad business judgment in purchasing PPL Plaza at the height of the real estate bubble in late 2006, not anything ANIZDA did or did not do," wrote Gerald E. Arth, ANIZDA's attorney.

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