Comments on Advance Indiana™: No Big Surprise 360 Market Contractor Is Feuding With Subcontractors Already

Don't you remember the City Way project qualif...

2015-12-05T21:03:13.674-05:00

Don't you remember the City Way project qualified as an economically-depressed area? You can do an EB-5 project anywhere. The minimum investment is $500,000 per investor in an economically-depressed area versus $1 million in all other areas.

EB-5 projects are only authorized for Troubled Eco...

2015-12-05T19:59:58.119-05:00

EB-5 projects are only authorized for Troubled Economic Areas. How on earth is downtown Indianapolis a Troubled Economic Area?

"Why any lender would loan money to a project...

2015-12-05T16:46:43.915-05:00

"Why any lender would loan money to a project doomed to go bankrupt from the outset is something I will never understand"

I understand. It's either:

A. They're going to slice and dice and monetize the debt and make all their money on the fee end while offloading the garbage paper to doctors, widows and orphans...

or B. They got a guarantee from our little town and the little pinheads who run it and so want to be "big league."

One think I am sure of Gary is that the principal lenders will not be on the hook when this turd floats.

Lend Lease agreed to pay $56 million in fines and ...

2015-12-05T09:24:31.693-05:00

Lend Lease agreed to pay $56 million in fines and restitution to avoid facing criminal charges. The company's former head, James Abadie, pleaded guilty to conspiracy to commit wire fraud as part of a plea agreement under which he avoided jail time.

The above is keeping with the Too Big to Fail, Too Big to Jail concept of the Obama Administration.

Well consider this also in conjunction with our "Justice Department" the scene yesterday of reporters invading the San Bernadino's murder's apartment in CA. The reporters charged into the apartment, like Black Friday Shoppers when the doors open, trampling, and handling what should be Crime Scene Evidence.

Oh, how accurate you are, Gary... "...There i...

2015-12-05T08:05:13.218-05:00

Oh, how accurate you are, Gary... "...There is no way this costly, high-rise tower will ever generate anywhere near the cash flow that will be required to operate it as a going concern. They will never find enough people who can afford to pay the rents a building of that caliber would command in downtown Chicago. Why any lender would loan money to a project doomed to go bankrupt from the outset is something I will never understand,..."

And what will happen to the crooked politicians who pushed this foolish Taj Mahal through when it goes belly-up? It WILL go belly-up and it will require huge infusions of cash on a continual basis. What legal actions will be taken to hold the persons responsible for allowing the looming financial disaster?

We know the answer and it is the same old story of how poorly Marion County taxpayers have been treated by every politician they've ever elected.