tag:blogger.com,1999:blog-12703782.post8163149884754351139..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12703782.post-49869569886515630362009-07-02T09:00:29.192-05:002009-07-02T09:00:29.192-05:00This is going to take some digesting. Am I correct in that: the $9M loan (surprisingly beginning this year instead of next)for 3 years would put the CIB in a $27M + interest hole due in 2012. That forces the Council to raise the next two taxes in 2013, if only to repay the loan. This gives the Marion County Republicans a platform from which they can try to regain the Council in the 2015 elections. Then comes 2017 when the &#39;civic minded&#39; folks like the Simons and the Star who have loaned the CIB $33M must be repaid. This gives the Marion County Democrats a platform from which they can try to regain the Council in the 2019 elections.<br /><br />At which point the maids and busboys will still be making $18,000 a year and the head of the ICVA will be closing in on $1M a year.<br /><br />Or am I missing something?jabberdoodlehttps://www.blogger.com/profile/12773449819475280421noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-81459587302094252222009-06-30T10:36:52.461-05:002009-06-30T10:36:52.461-05:00The missing link is the CIB will be borrowing all the money necessary to pay all the Pacers new $150 million (10 years)in operational costs from the state.<br /><br />The Colts and Pacers will not be contributing anything. <br /><br />Its clearly a taxpayer bailout.<br /><br />The irony is that the Colts cry &quot;a deal is a deal&quot;, while the Pacers cry &quot;a deal is NOT a deal&quot;.Nickhttps://www.blogger.com/profile/02843863963741956255noreply@blogger.com