Not only that, they are wasting tax payer money on...

2014-03-12T12:07:18.722-05:00

Not only that, they are wasting tax payer money on "Central Green." With all this spending come taxpayer spending of $1.5 million on that space! It is already aesthetically pleasing to look at. I just don't get this plan yet. What kind of much better green space money would that have paid for? Let those companies pay that! They are the most to benefit. Put it in the rent those apartments pay, the will be the ones looking at it the most. Government intrusion at it's finest.

And if would have stayed out of the KFC properties business, that being a prime piece of property, someone would have bought it, developed it, and paid property tax on it all in FREEDOM. "The city bought the KFC property last year and is expected to hand it over to Yeager, in addition to $6 million for the parking garage." More credit to pay back. Downsize that project so no parking would be required and then Fishers wouldn't have to pay for it. An a company would have put up just as fine a pleasing building. No doubt, we will pay parking fee for something we own... or don't own, I have no clue.

I am sure the bonds they sell are also tax exempt. But who knows? If the free market worked, and the project was worthy, a bank would have loved to make a loan. The profits from that loan would have gone to pay normal taxes. Perhaps a local bank would have made the loan. Take those lost tax revenues into account too. This bond issue is a competitive loss to a willing bank. Perhaps even a local bank or finance company.

An what about the unfairness to other business who want to profit from our attractiveness. If they Ok the super Kroger's on Olio as an example. Should we now pay for their parking lot? How fair is that to Kroger's? Or any other business wanting to develop. If we do all this financing for these companies, our credit will be exhausted. This is not what America is suppose to be... A business.

And Fadness? On Larry's profile of Candidate, "Scott Fadness believes economic development discussions have become a little too focused on downtown Fishers." Dude, are we to bury our heads in the sand as you blow though all this credit? Why shouldn't we be focused on it? $6 million on KFC garage, $10.75 million on the Depot, $9.5 million on Loftus Robinson garage, $1.5 on "Central Green".. $5 million more in that area I think I read... How much that total? Well, for my family that mean you just spent $1183 of my household. Will I ever that this back? Or will my taxes go up? Where is a detailed report on this stuff? On the web page about how much tax revenue in the long run is expected to come from our credit, what exactly will be torn down? What do we really get from this private partnership as a community?

A bad value is to depend on Government to "make jobs" Too me, a bad value and bad government. Take the Carbon Motor deal as the warning.

Comments on Advance Indiana™: Fishers' Taxpayers Contributing $9.5 Million For Private Development

Not only that, they are wasting tax payer money on...