Comments on Advance Indiana™: Another CIB Meeting, Another Conflict For Its President

Why should lease negotiations be confidential? Th...

2009-02-16T14:39:00.000-05:00

Why should lease negotiations be confidential? This is a building owned by the taxpayers, isn't it? Shouldn't we know the details of what the people are having done with their buildings?
Thats just what the administrations want. Keep the people in the dark. "we know whats best for you"

Downtown is a Ponzi scheme; most Ponzi schemes are...

2009-02-16T13:51:00.000-05:00

Downtown is a Ponzi scheme; most Ponzi schemes are not recognizable until they collapse, despite warnings, which, of course, are always ignored. We may heading towards that very collapse (it is just much harder for it to collapse when one can continually steal money from taxpayers). Then we will hear all the hand-wringing from the enablers who supposedly can't figure out how things went so wrong.

I think the answer to my question on the $15 mill...

2009-02-16T13:41:00.000-05:00

I think the answer to my question on the $15 million is Bob Grand. He said during the meeting that they wanted to get everything out there during talks with legislators to make sure whatever financial solution they put together attacked all of the CIB's funding problems so they wouldn't have to go back again and ask for assistance.

Of course, lease negotiations should be confidenti...

2009-02-16T13:32:00.000-05:00

Of course, lease negotiations should be confidential; however, it seems to me the CIB undercut its leverage in negotiations by announcing in advance it would make that $15 million concession to the Pacers. But the real question is who make the decision to concede the $15 million?

Good point, Paul. The $15 million, to date, has on...

2009-02-16T13:24:00.000-05:00

Good point, Paul. The $15 million, to date, has only been mentioned in press reports sourcing CIB or city officials. There has not been a formal vote or discussion on the matter.

Melyssa, you can watch the meetings in streaming v...

2009-02-16T13:19:00.000-05:00

Melyssa, you can watch the meetings in streaming video over the internet for free.

Gary, excellent point about violation of the Open Meetings Law. Exactly at what meeting was the decision made to give the Pacers $15 million more?

You can watch online at indy.gov

2009-02-16T13:13:00.000-05:00

You can watch online at indy.gov

Melyssa, There are so many funding schemes that ha...

2009-02-16T09:26:00.000-05:00

Melyssa, There are so many funding schemes that have been concocted over the years to finance the CIB it's hard to keep track of all of them. I had forgotten about that one. I thought the person who suggested the entire funding of the CIB is just one big Ponzi scheme was being a bit extreme, but I think the more you pull back all of the layers of dead skin, the more one appreciates the parasitic nature of this beast called the CIB.

In order to watch the meetings, one must subscribe...

2009-02-16T09:18:00.000-05:00

In order to watch the meetings, one must subscribe to cable and pay that extra tax. Someone explained in the comments here, that the extra tax goes to the Pacers.