From the monthly archives: March 2014

Today’s edition of The Lafayette contains the article “IAGGL is landing: Report on Greek life will be released later this month” by Amelie Yeager ‘16, covering the report due to the Board of Trustees from the Implementation and Assessment Group on Greek Life (IAGGL – pronounced eagle).

Ayala said that the IAGGL group has not found anything regarding Greek life that should alarm the administration.

“I can report at this time, in my judgment, there is nothing on paper that would be classified as a red flag,” he said.

Ayala is hopeful that “as the…committee begins to develop its final recommendations to the Board of Trustees, whatever those end up being, it recognizes that first and foremost Fraternities and Sororities at Lafayette College contribute immensely to the mission of this institution through a variety of ways.”

This reporting aligns with progress reports to date issued by the chair of IAGGL. Read the full article for the rest of the newspaper’s coverage.

 

The New York Times covers an Allentown development project led by J.B. Reilly ’83. The $340 million development includes

More than 600,000 square feet of office and retail space is being built in the long-depressed center of this city, spurred by an unusual state-sanctioned project that permits revenues from tenants’ tax bills to be used to pay down some of the debt incurred during construction.

A five-block area of downtown characterized by dollar stores and low-budget pizzerias — signs of the decades-old decline in manufacturing and urban flight — is undergoing revival efforts that include plans for a hockey arena and a hotel.

The development leverages a tax program known as the Neighborhood Improvement Zone.

The strength of the improvement zone model is that it depends on the developer’s ability to attract revenue-generating tenants and is not based on state handouts, Mr. Reilly said. “They are pledging the tax revenues related to the developer’s project to the developer’s lender,” he said. “It’s really market driven. If the developer can’t attract tenants, then the developer’s going to be on the hook for repaying the loan.”

Read the full article here. Congratulations J.B.!

 
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