Indianapolis' powers-that-be have been hard at work starting up tax increment financing (TIF) districts and ensuring that some of the best parts of the city get property taxes diverted to a slush fund that they can use as they wish. The newest TIF stretches from 38th and Illinois and encompasses much of the Broad Ripple and Butler Tarkington area. The TIF was pushed by City-County Councillor John Barth (D-At Large). In documents while the TIF was being considered, its supporters said that the TIF was primarily for the neighborhoods and areas that haven't been doing well rather than the ones that currently are.
In reality, it should come as no surprise that the first proposed TIF project is renovating the old Shell gas station in Broad Ripple to slap a five story mix-use structure there instead. My friends Mark Small and Len Farber give excellent run downs of both the public meeting that was held earlier this week, as well as including details on the project.
Similar to the Broad Ripple parking garage, this new development is going to require millions of dollars to subsidize the development as well as a whole load of variances and re-zoning. According to Small, who was at the meeting held by the Broad Ripple Village Association, this project likely will not continue if Whole Foods is not signed on. They're aiming to have one tenant on the retail side, and they want it to be long term.
I have some sympathy for the developers when it comes to wanting to have one tenant. Some of the complaints about Massachusetts Avenue is that there are dozens of businesses that aren't something people window-shopping can utilize. Chiropractors, lawyers, and other non-retail and restaurants dot the area. I imagine part of the reason is that those types of businesses are more recession-proof than retail and food service. So having one tenant from a major chain, rather than 3-4 tenants that are locally based, makes some sense.
But that's about where my sympathy ends.
I'm sure the backers of this project will swear up and down that this will flush the TIF with cash and will allow them to get projects going in the more run-down areas, such as 38th and Illinois and 30th and Central.
I'll believe it when I see it. As far as I'm concerned, this is another slush fund project for Acting Mayor Ryan Vaughn and the more needy parts of the TIF can be damned.
I'll be on Civil Discourse Now tomorrow morning to discuss this issue with Mark Small and Paul Ogden. We'll be broadcasting from Good Earth, a locally owned natural foods store, at 11AM today. You can tune in by clicking the Play button on the Indiana Talks radio station, located in the upper right hand corner of this blog. You can also view the streaming video at Civil Discourse Now's online site.
Saturday, May 25, 2013
Sunday, May 12, 2013
You've heard by now that SB621, the bill that strips the legislative body of Marion County of all meaningful power and gives it to the Mayor of Indianapolis, has been signed into law by Governor Mike Pence. You can read his statement on the law via Fox 59.
Among the talking points dished out by the powers-that-be was the whining that the poor Mayor just didn't have enough power. He was being bullied by those mean Democrats on the council.
And those talking points largely went unchallenged by those in the media and, honestly, by most Democrats as well.
But I have to wonder if these people actually live in the same city as me. I guess they don't.
In Mayor Greg Ballard's Indianapolis, he announces his intention to make Indianapolis the "cricket capital" of the US or some jazz and wants to build a stadium here, and plans to spend $6 million to do so...the plan pretty much passes without much thought.
And in Ballard's Indianapolis, a government entity can sue a private business developer for 2+ years because they dared to open up a private business that might provide a better service than the government's!
So if this is what Ballard's vision of Indianapolis is before he gets unprecedented power, I'm not too eager to find out what the next few years of his reign will bring.