Buildings that don’t exist can’t pay to cover Bond payments. Full document and letter available at bottom of page In 2015, taxpayers were “guaranteed” that buildings would be built, and Mayor Brainard borrowed money based on that guarantee. In 2019, those buildings don’t exist. The question becomes: How much TIF is paid by buildings […]
Category: Carmel Redevelopment Commission
The Palladium, Hotel Carmichael and the Simpson’s?
The only difference between the two projects is beside just some slick outsider (Artec) or (Coury Hospitality)/Pedcor pitching it, it was and still is our own Mayor who leads us astray. Here the Simpson’ cover it brilliantly The following video is a year old and financing for this pie in the sky (backed exclusively […]
The Bailout; the shock, the truth!
The Bailout; the shock that shook the city of Carmel to its core! To be sure we had numerous small tremors that should have served as a warning before the City was shaken to the core. *Please note this is the longest and most important thread on this website!* The first strong indications anything was […]
Brainard Cares – What are Mayor Brainard’s Commitments worth?
The Mayor’s (C)ommitments are equal to his (A)ctual (R)esults plus his (E)xcuses. Or C=(AR+E’s) From the very beginning Mayor Brainard repeatedly reassured the citizens there was absolutely no risk. Note in Carmel it means special benefits for some business owners and developers and nothing for the balance of the public. The only Special Benefits citizens […]
Carmel Politics Take on an Indianapolis’ Flavor
The Use of Non-Profit Corporations to Avoid Accountability and Public Scrutiny Sunday, August 9, 2009 | By Paul K. Ogden Best quote: “As I have said before, Carmel Mayor Jim Brainard’s big spending ways and ill-advised projects are going to put Carmel deeply in debt for generations to come.” Paul K. Ogden The front page […]
The Performing Arts Center; Broken Promises
Easily the Crown Jewel of Mayor James C. Brainard’s reign the Palladium was a project run amuck from its beginnings in the 20th Century. Transparency and rising costs were the issue from 1999 forward. It has produced more noise than music. The noise began in earnest in 2000 when the source of the errors of […]
City Center Parking’s $116,847/space Parking Garage Boondoggle
You didn’t read it wrong! Carmel paid $116,847/space for 184 spaces. $21.5M Total How much is the highest median cost / most expensive space in America, next to Carmel, it is $27,526 in NYC. Indy averaged $18,753. Edit note: March 20, 2019 – Received documentation that total paid was the $21.5M shown on attached contract. […]