Allentown hockey arena will receive $2.27 million in earned income taxes yearly

http://www.lehighvalleylive.com/breaking-news/index.ssf/2012/06/allentown_hockey_arena_will_re.html FROM THE EXPRESS TIMES A total of about $2.27 million in annual earned income taxes are projected to be diverted from local municipalities in the first quarter of 2012 to help fund the $220 million Allentown hockey arena project. For the last six months, Northampton and Lehigh county towns and school districts have been demanding a specific town-by-town breakdown of the financial impact the loss of EIT revenue will have on them. Figures released today indicate $567,328.15 were diverted from municipalities between April 1 and June 4, including $377,712.35 from Lehigh County, $109,796.69 from Northampton County and $79,819.11 from other counties.