Comments on Advance Indiana™: Now Fishers Taxpayers Asked To Publicly-Subsidize $76.4 Million Sports Center

Thanks for the correction, Chris.

2015-04-14T10:18:53.028-05:00

Thanks for the correction, Chris.

I made an error on the tax abatement that I've...

2015-04-14T09:35:01.689-05:00

I made an error on the tax abatement that I've corrected. It's $2 million over the 10-year period. So $200,000 annually. Looks like you copy/pasted this before the change.

"The $800,000 annual lease will be paid in pa...

2015-04-14T08:46:23.829-05:00

"The $800,000 annual lease will be paid in part, over time, from property taxes generated by the complex. An admissions fee for ticketed events (such as out of town tournaments) will go the the city, and estimates put that revenue at $100,000 and $200,000 of revenue per year."

Found here: http://www.larryinfishers.com/proposed-sports-complex---what-it-means-.html

Yes, I found it hard to believe Fadness when he sa...

2015-04-14T08:29:10.408-05:00

Yes, I found it hard to believe Fadness when he said Fishers would take on no debt. As mentioned I find it all confusing, just trying to figure it out so I can ask some halfway intelligent questions at the community meetings we're having to address concerns. I voted for Fishers to remain a town BTW :) Thanks for the info. everyone.

Does anyone know the term of the lease? Let's ...

2015-04-13T21:36:33.773-05:00

Does anyone know the term of the lease? Let's assume 20 years and the annual rate is fixed (very unlikely it doesn't adjust for inflation). 20 x 805k = 16.1M. The tax abatement is 10 x 2M = 20M. 800k in waived fees. That comes to about $37M in subsidies. Total construction cost is $76M. So Fishers is paying about half, and getting no ownership interest. Great job Fishers, way to think it through.

Fishers will take on no debt? BS! What do you call...

2015-04-13T21:34:49.418-05:00

Fishers will take on no debt? BS! What do you call that sweetheart lease you're signing, which allegedly gives citizens the right to use the facility for a few hours a day four days a week?? It's nothing more than a runaround referendum laws.

Fadness said the city will be taking on no debt an...

2015-04-13T19:46:54.298-05:00

Fadness said the city will be taking on no debt and "the financial structure of the project will not put local residents property taxes on the line to pay for it."

Is this a scenario of if it sounds too good to be true it probably is? I find it all confusing but as a resident of Fishers am definitely concerned.

This news reminds me of dear friends who not too l...

2015-04-13T14:05:03.134-05:00

This news reminds me of dear friends who not too long ago placed their north Carmel home on the market and the property sold very quickly. Unable to find another Carmel home to fit their needs, my friends ended up purchasing in Fishers.

After attending the first few pubic meetings as Fishers emerged to become a "city" and as mayor and council candidates came forward, my friends reported they believed that had to move out of Fishers. They told me they'd never encountered people so stupid about government, municipal works, and maintaining neighborhood infrastructure.

My friends tell me they feel quite lucky to have sold their Fishers home and to have fled the fledgling city of fools. I'd say after reading this latest AI news report I now more fully understand my friends' motivation.

"voting themselves to become a Town" Ni...

2015-04-13T13:49:08.855-05:00

"voting themselves to become a Town"

Nitpick - Fishers *was* a town. Now it's a city.

There's no place like "Home Place". ...

2015-04-13T12:35:07.016-05:00

There's no place like "Home Place". May we never be annexed by these power mad fools. I have spoken to Rick Sharp about this issue and I can only hope and pray the voters of Carmel do the right thing and knock my fellow parishioner Brainard to the curb. Ha ha, suckers in Fishers, you get what you deserve!

They really need to include a cricket field, other...

2015-04-13T11:24:09.699-05:00

They really need to include a cricket field, otherwise they cannot get sufficient patronage.

"Hamilton County Tourism Inc. estimates the a...

2015-04-13T10:19:04.736-05:00

"Hamilton County Tourism Inc. estimates the annual economic impact of the facility in Fishers at $110 million."

I guess it would be too much to ask the Stenographer at The Star or Readers on the TV Media to investigate and analyze where this $110 Million number is derived from. What is exactly is meant by Economic Impact?? What verifiable statistical analysis was performed???

Fishers residents asked for higher taxes and polit...

2015-04-13T09:55:56.403-05:00

Fishers residents asked for higher taxes and political cronyism with their move toward voting themselves to become a Town. Those of us who lived through the disgusting Democrat and Republican corruption in Indianapolis and Carmel (I have lived and owned in both) predicted prior to Fishers voting itself to be a Town it wouldn't be long before "Fishers" politicians and crony construction companies (think Keystone Construction and PEDCOR) began to financially rape its constituents. And without a doubt, more sports and government and P3 special interest deals will find a yellow brick road to Fishers residents' wallets.

Just as Castleton Mall is the new Lafayette Square, Indianapolis is the New Detroit no matter how many denials issue from Barnes and Thornburg, Ice Miller, and the crony Democrat-Republican machine who created the damage.

I will not have a twinge of sorrow for Fishers residents who will eventually find themselves with higher tax bills and as a haven from which they could escape the deteriorated Indianapolis. How can it be Fishers residents' financial rape when the taxpaying voters were willing?

I know you can't control the Google ads that d...

2015-04-13T08:26:12.401-05:00

I know you can't control the Google ads that display in the margins but I found it amusing that a Jim Brainard ad popped up on AI.

Wow. Fishers is already sitting on over $263M acco...

2015-04-13T07:13:44.315-05:00

Wow. Fishers is already sitting on over $263M according to SBOA. Got to keep with the Jones's (Carmel)!