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Lucas oil exists and we’re all still paying for it
I’m glad we always have money for sports stadiums but it’d be nice once in a while if they were held to the same standard that IndyGo is held to when it comes to self sufficiency. Maybe IndyGo should start a bus racing league and they could get some cushy tax incentives.
Since when is IndyGo held to the standard of self sufficiency? Obviously they are not.
They’re being asked to raise six million dollars every single year by a state legislator who apparently is willing to torpedo further expansion if they can’t pull it off. It makes IndyGo unique about bus systems, none of which apparently have to do this.
https://www.ibj.com/articles/legislators-poised-to-rap-indygo-for-fundraising-flop
The best part is … turns out, the fight is mostly that he’s upset that Washington Street will lose a lane due to the changes. Which affects his constituents in Franklin Township greatly, I suppose…
But they can’t re-do the plan to accommodate his desires without losing the federal grant money that will pay for the lines, but also major road work needed on Washington Street.
Yet another instance of Republicans meddling with downtown Indianapolis at the Statehouse since they can’t win local elections in Marion County…
https://www.indystar.com/story/opinion/columnists/james-briggs/2020/12/17/indygo-red-line-likely-face-general-assembly-scrutiny-again/3925920001/
Why on earth would we ever consider this? Don’t sports already drain enough from our coffers? If they are such a valued asset with a fan base that will pay off any dept why. Give any tax dollar away! Post Covid let’s supposed existing businesses that were existing without tax subsidies! No excuse at this point for giving money away to non-essential businesses. Not to mention the Indians don’t require this level of risk to public debt to exist!!
Who’s ready to pay for a third rate sports teams stadium? Not me!
Let me get this straight. Marion County Senator Sandlin wants to give wealthy team owner more time to build his government financed boondoggle of an arena. Meanwhile from another area of Marion County, Senator Freeman wants to put an immediate end to expanding public transportation because IndyGo couldn’t raise enough private funds to finance PUBLIC transportation.
My guess is, Sandlin, Freeman or Ersal Ozdemir (owner of Indy 11) have never stepped foot on an IndyGo bus.
Maybe the solution is to have the new proposed Purple Line have a stop in front of the proposed stadium.
It is a little crazy none of those lines run any closer to our stadiums, malls, convention centers. I get that its from the misguided fear that unwanted people will find their way to those places, but I thought that was mostly rebuffed elsewhere.
Any compromise should include rapid lines going to and from publicly financed areas of social interest. That’s just crazy talk though, isn’t it?
building in an area that needs some stimulus would make more sense. Maybe W.38 th street in Lafayette Square area
Thumbs up!
20 soccer games is not a stimulus.
People need to understand that if a current business moves into the Eleven’s PSDA then certain tax revenues paid by that business are now directed to fund the Stadium. Therefore, this represents a tax revenue loss to the City and/or County. So Indiana taxpayers must hope this development attracts business from outside the State in order for this to be of benefit.
Amazing how this idiotic project just never goes away. How much bribe money are politicians collecting on this? It must be a huge number.
The State won’t properly fund schools, teacher pay, road repairs, but they’re willing to take tax revenues away from Marion County to subsidize a wealthy businessman so that he can earn even more money.
Yes indeed. But with the blessing of Marion County’s mayor and city-county council, I believe. It’s been awhile, so I apologize if I’m wrong on that. One might think the pandemic would at least have the silver lining of making this ridiculous unnecessary publicly funded project go away. How much revenue has the CIB lost out on over the last ten months?
Just tax the Legislators to pay for this.