Tuesday, May 15, 2007
$50 Million Not Good Enough For Billionaire White So Bart Throws Him Another $16 Million
Mayor Bart Peterson (D) earlier pledged nearly $50 million in public subsidies to Dean White's White Lodging Services to build a 1000-room hotel next to the Indiana Convention Center in time for the 2011 Super Bowl. Peterson seems confident the City will win its bid for a Super Bowl after pledging $25 million in private contributions and an unprecedented income and sales tax exemption for the super wealthy professional football team owners. Now, Mayor Peterson plans to borrow at least $66 million to subsidize the billionaire Dean White's brand new, $250 million J.W. Marriott Hotel.
As it always is, the working men and women are asked to bend over and take another one for one of Mayor Peterson's super wealthy friends. Never mind that your property taxes will climb more than 25% this year on average and your local income tax will be doubled on top of all the other tax increases you've endured over the past 8 years so Mayor Peterson could hand out more than $1 billion in public subsidies to the state's wealthiest citizens. This man must be stopped. We must take back our city government this year. We can't afford another 4 years of Bart Peterson.