. . . The Democratic minority leader on the City-County Council, Joanne Sanders, argues that the city shouldn't subsidize the development at the same time IndyGo and the library system have trimmed services because of budget cuts. Such sophistry might score a few political points, but it's a distraction that is, at best, fiscally naïve . . .
Ideally, the city would never get involved in underwriting private projects. But the state of the economy is far from ideal. The price for progress under current conditions involves the city being willing to accept reasonable exposure. Of course, not every deal is worth pursuing. But this one is attractive because of the players -- Buckingham, Lilly, the YMCA -- involved and because of the development's prime location . . .
After reading the editorial, I couldn't help but think Dan Carpenter was reaching for his bottle of Tylenol to nurse his latest sore head from butting it against the news room's wall in total frustration with Ryerson's pandering to the downtown elites. It looks like Carpenter got a chance to release some of that frustration in a column he penned today, entitled Higher uses for your lucre," alongside Ryerson's nonsensical editorial:
You gotta love these proud conservatives, these fierce and faithful stewards of the people's treasure.Other than the (R) behind his name, I'm neither convinced Ballard is a Republican nor a conservative. I'll certainly never make the mistake of voting for him again. "Lucre", by the way, is another word for money, in case you were wondering.
Take the Ballard administration, if you please.
Having established a record ranging from lip service to outright hostility toward public libraries, public transportation and bona fide public schools, city hall has shown the love to a wealthy private entity by way of a loan guarantee that's half again the IndyGo annual budget.
The proposed $86 million assist to Buckingham Companies, which will meet with some (Democratic) resistance from the City-County Council, is the latest exercise of the trickle-down theory of Downtown development on which taxpayers have been gambling for three decades.
Like the Colts' subsidies, like the Pacers' old and new deals, like the outsourcing of waterworks and parking meters, this offer of public assets to private enterprise is understood to be more productive for all of us than spending tax dollars directly on us and letting them take their chances with the market.
Echoing their fellow Republicans on the state and national circuits, Mayor Greg Ballard and his allies justify their largess by pointing out that the banks aren't doing what capital does . . .
Hundreds of millions for billionaires, austerity lectures to libraries and schools. Insurrection against Medicaid, inside tracks for contractors. And they're promising to keep the other guys out of my pocket.