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This will be the second tax in as many weeks on parts of downtown, this time to subsidize a rich developer’s hobby team.
I am fine with the deal. I just want to put a clause in there that the debut event for the rich developer’s new stadium should be a friendly featuring the Armenian national team.
https://www.masson.us/blog/the-peculiar-hoosier-opposition-to-the-congressional-armenian-genocide-resolution/
The tax you’re referring to doesn’t come out of your personal paycheck. They’re collecting the taxes from people that visit the stadium and surrounding sites and if you pay to stay at hotels, go to the soccer games or restaurants in the area. This is business as usual and a practice used by many city across the country for projects like this. It’s almost the only way for a city to grow and build major projects like this. It also attracts a certain type of crowd and retains and lure out of state talent to relocate to Indy. Lots of tech companies and their young employees are attracted to projects like this and soccer is a huge international lure. Indy can’t compete with its peer cities to lure talent and developers to commit to the city without Eleven Park. Believe it or not, this is HUGE for Indy to stay competitive and it will encourage even more large developments like it.
Kevin P ~ 💯