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Maybe I missed it, but what was the transaction price? And was it for a gain or loss?
Did the taxpayers of Carmel recover the initial $6.2M investment paid with bonds by the Carmel Redevelopment Commission as part of this sale?
That is paid with annual property tax revenues.
No and it’s TIF’d so it really doesn’t pay any taxes. The story behind how the CRC got the Party Time property would make you take a shower it was so under the table sleazy.
More to that point, it is paid with the increase in property tax revenues over the previous revenue generated by the Arby’s and warehouse. Once that is paid, the increased revenue goes to the City.
More smoke and Mirrors. Transparency is not in Carmel’s vocabulary. We will see what we shall see coming into a new Admirations ethics.
Birkla may be raising cash here to fund new development called Rev in downtown Fishers.
Should say New Administration not Admiration