Comments on Advance Indiana™: Lucas Oil Success Translates Into Higher Costs For Taxpayers

There's not a better stadium than L c s Oi S ...

2009-07-14T21:36:06.788-05:00

There's not a better stadium than L c s Oi S d u

At least...that's what the sign still says until the fix it.

The rapid destruction of American's great news...

2009-07-13T22:34:03.341-05:00

The rapid destruction of American's great newspapers is a real threat to our democratic representative government. Newspapers have provided an important check on the power of government. TV news has become entertainment-driven and short on content. People, in general, are so stupid today about what is happening that it is a cynch for corrupt politicians to lie and steal from us. The public education system has thoroughly succeeded in dumbing down the U.S. population to its lowest point in our country's history. The burden has fallen entirely to citizen activists to protect the Republic. I'm very skeptical about whether it can be saved.

It is sad to imagine that the newspaper reporting ...

2009-07-13T19:02:27.587-05:00

It is sad to imagine that the newspaper reporting could actually get worse. That sadder thing is that many people who read it actually believe that it is all true, particularly when it does not upset their world view - that the Colts can do no wrong.

The front page of the Star today looked like Pravd...

2009-07-13T16:58:36.661-05:00

The front page of the Star today looked like Pravda.

EVERYTHING IS GREAT

(ignore the debt load and graft)

Newspapers don't exactly scream 'job secur...

2009-07-13T11:21:25.343-05:00

Newspapers don't exactly scream 'job security', do they?

Ruth Holladay reported that O'Shaughnessy went...

2009-07-13T11:10:39.199-05:00

Ruth Holladay reported that O'Shaughnessy went to work for Notre Dame.

O'Shaughnessy's OUT?? Say it ain't so...

2009-07-13T11:06:27.211-05:00

O'Shaughnessy's OUT?? Say it ain't so !

Probably right, AI. But Dan is best known for chr...

2009-07-13T10:58:30.221-05:00

Probably right, AI. But Dan is best known for chronicling his gastric bypass surgery over many months.

I have seen his name on other stories, but danged if I can recall one that would be called investigative rather than lifstyles or advertorial in nature.

I think he just got tossed into the deep end of the pool. Hope he can swim.

Brendan O'Shaughnessy is out at the Star so I ...

2009-07-13T10:16:17.552-05:00

Brendan O'Shaughnessy is out at the Star so I suppose his work had to be passed on to one of the few reporters remaining in the newsroom.

Jabber, I agree. Depreciation should not be inclu...

2009-07-13T09:47:46.924-05:00

Jabber, I agree. Depreciation should not be included in the operating costs, but rather concerns the value of the building itself. The building is being paid for by the State using local food and beverage taxes.

I'm not sure why they would have McFeeley do this article since he's unfamiliar with the numbers. He doesn't even both to mention the fact the Colts get half the revenue off of non-Colts events at LOS and swallowed hook line and sinker the Colts bogus claim regarding the $102 million. Even then the $102 million would have nothing to do with operating costs, which is the problem.

McFeeley's sidebar suggests each 'day not ...

2009-07-13T08:57:54.754-05:00

McFeeley's sidebar suggests each 'day not in use' incurs around $4200 in costs. He ignores the $35,000 or so in debt service (If you take $1.2B over 30 years, and divide that for a per-month figure).

You don't cover your costs with 1 or 2 birthday parties or business lunches, but they count those piddling events as 'days in use' when they brag about utilization of LOS.

Its a fortunate coincidence for the pro-CIB bailou...

2009-07-13T08:47:16.738-05:00

Its a fortunate coincidence for the pro-CIB bailout folks that the Star assigned Dan McFeeley to the story. He has not been one of the reporters following the numbers as this train wreck has evolved in slow motion. If you notice in another sidebar, even after he reported a shortfall of only $14.9M, he jumps immediately to the $47M shortfall total as scripted by the CIB -- assuming he wrote the sidebars, too, of course.

And what on earth was that statement : "When you include depreciation on the building itself, Lucas Oil Stadium lost $12.7 million in the first five months of this year." ???? Depreciation ??? Now the taxpayers are on the hook for depreciation ??? They apparently are at the bottom of the barrel in trying to sell the tax increases to the public. They obviously have no respect for the intelligence of the public.