Comments on Advance Indiana™: Conseco's Growing Debt

Michael - I think we do that now as part of the Do...

2010-04-25T14:08:26.316-05:00

Michael - I think we do that now as part of the Downtown Sports Development Area.

There needs to be a law that all bonds, not just the ones backed by property taxes, cannot be refinanced for more than the amount still owed or for longer duration than remains. Its just prudent.

County government had a lot of nerve saddling us w...

2010-04-22T21:44:35.862-05:00

County government had a lot of nerve saddling us with all this debt for stadiums downtown.

DI, I agree. The Murat Shriners gave Live Nation ...

2010-04-22T13:39:21.838-05:00

DI, I agree. The Murat Shriners gave Live Nation a 99 year lease and they're able to operate that. I'm unaware of if they have exeprience running a venue outside of theater, comedy shows, and concerts,but if they do, then they should be signed.

Live Nation or any other promoter would kill to get the deals that Pacers Entertainment has gotten.

I love it! I don't care if we give Simons $1...

2010-04-22T11:52:04.874-05:00

I love it!

I don't care if we give Simons $15 million if we tax his players to get it!

That's a fabulous idea!

Yeah, but the Pacers were good when this was built...

2010-04-22T11:30:43.135-05:00

Yeah, but the Pacers were good when this was built, and the Colts were mediocre.

When the Colts start sucking again, it's going to be bad around here.

@Michael - you would support creating a tax that t...

2010-04-22T09:52:49.804-05:00

@Michael - you would support creating a tax that targets someone solely based on their chosen profession? Remember, the athletes did not jack us for the arena money, the team owners and monopoly sports franchises did. Don't be a "player hater" LoL ;-)

@AI - what is the structure of the existing debt or what has happened that allows that after 11 years of payments, MORE is owed on the property than it cost to build? This stuff needs to get paid down and off the books not linger forever paying infinite amounts of interest. Do we need to schedule a meeting between the CIB, City Council members, Mayor's Office and Dave Ramsey?

We need to work up a deal with the promoter who op...

2010-04-22T06:45:52.950-05:00

We need to work up a deal with the promoter who operates in the Murat.

Tell them they can have all the naming rights they want down at Conseco and pay rent on those dates they have an event.

Tell them they can book all the events they want.

We run the food and bev concessions, they run their merchandise concessions and we each keep our own profits.

20+ states have an income tax on professional athl...

2010-04-22T06:38:51.443-05:00

20+ states have an income tax on professional athletes who come to play - why don't we? The CIB could easily get millions from that.