Since being re-elected to a SIXTH term in 2015 Mayor Brainard has indebted Carmel citizens an average of $10.9 million EACH MONTH. Overall debt is up 47% in just 39 months. Fear not all is not lost! We have a spectacular new hotel, backed entirely by a Special Benefits Tax, under construction. *Financing yet to […]
Category: Debt
Buildings that don’t exist can not generate TIF?
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 […]
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 […]
Brookshire Golf Club and Pool
PUBLISHED: NOV 27TH, 2006 – 5:29PM (EST) UPDATED: AUG 26TH, 2016 – 6:34PM (EDT) Chris Proffitt/Eyewitness News Carmel – Soon, the City of Carmel will be a golf course owner for the first time. The city is buying Brookshire Golf Club for $2.6 million. Brookshire is an 18-hole course located north of 116th, south of 126th and […]
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 […]
Woody Rider begs ‘Mr. Mayor please bring me a plan’
Mayor never rests, he was trying in October of 2016 to borrow for necessities. In 2017 the necessity was a Carousel and a Luxury Hotel. Councilor Rider begs the Mayor for a spending plan. All the Mayor has is a wish list and a need for millions of dollars of new funds. The Mayor’s Big […]
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. […]
Carmel has three times the debt of Fishers… Why?
Fact is all of the cities and towns on this list combined owe less than Carmel. That is right Carmel’s debt is greater than the all 5 of these in total. Standards & Poors cites debt in downgrading Carmel’s rating By Adam Aasen on November 15, 2017 Carmel Community Citing “the city’s rapidly increasing debt […]