IS IT TRUE February 21, 2017

first_imgIS IT TRUE TIF’s Districts capture property tax dollars from increased property tax assessments, those taxes above a certain base assessment set at the inception of the TIF?  …property taxes collected in the TIF Districts become the award to the TIF?  …TIFs are formed by local elected officials for special projects.?  … when a mayor needs extra money to pay for a new sports center, medical school or hotel getting money from the TIF District is an easy answer?IS IT TRUE over the years the TIF Districts have become a black hole of lost tax monies and they are now considered  a political and financial boondoggle?  …taxpayers are told that TIFs have no financial impact on us., but that just isn’t true.? …somehow politicians, the media and even experts have fooled us about the valuable of the TIF Districts?   …they deny the very questions that should be asked first?  …the questions are “what is the TIF tax dollar impact on taxpayers and what are the benefit?   …the bottom line is that Governmental capital  projects should be planned, prioritized and executed. before using TIF monies? …that over the years our elected officials have turned Tax Incremental Financing (TIF) is a boondoggle and a black hole with the taxpayers holding the bag?IS IT TRUE that the former Evansville Icemen had a GameDay Blimp sponsored by Old National Bank?  …this $6,000 GameDay Blimp was used by the former Evansville Icemen for interior marketing promotions activities inside the Ford Center?…one evening the GameDay Blimp was left out in the cold rain after a game by members of Ford Center staff?  …not only did  the cold rain caused significant damage to the GameDay Blimp but a loading  dock vehicle ran over it thus causing the Blimp never to fly again?IS IT TRUE the majority owner of the Evansville Thunderbolts (VenueWorks) and minority investor (a guy named Hall) leased the Ford Center for professional hockey games for 2017?  …we have confirmed that the Evansville Thunderbolts are paying Venueworks a $1,000 lease fee for each home game played at the Ford Center?  … the Thunderbolt ownership will be paying Venueworks $28,000 in base rent for all 28 home games?IS IT TRUE that former Evansville Icemen Hockey team over a three year period of time paid the Ford Center the following amount of base rent for 36 home games (a range of rent per game of $10,926 to $11,479)? …from 2015-2016 they paid $413,244 ? …from 2014-2015 they paid $403,164? …from 2013-2014 they paid $393,336?IS IT TRUE we would like either the Mayor, City Controller or the President ERC to explain to our readers why there is a major difference in the per game change to rent the Ford Center for Hockey games? …we are sure they will have a good explanation for the difference of lease fees charged to the Icemen and Thunderbolts by VenueWorks?IS IT TRUE that the decline of brick and mortar stores has picked up speed and Evansville is not being spared the rod?…Harp’s on Green River Road, where Edna Harp has been selling pets and pet supplies for years will be shutting down soon?…many local pets have been purchased from Harp’s and soon that will be over?…we wonder who will be moving into the soon to be empty building?…Sears Holdings has announced that the first K-Mart ever up in Michigan is being closed?…we wonder how long it will be until all of the K-Marts and Sears in the country are shuttered or moved online?IS IT TRUE Forty “underperforming” Carrabba’s, Outback, Bonefish Grill and Flemings restaurants will be closing by the end of the year, according to the company that owns them?…Bloomin’ Brands Inc. said on Friday that it will close the restaurants located in various parts of the country after three restaurants were closed in the last quarter of 2016?…Bloomin’ Brands have not yet released a list of the restaurants that are to be closed?…there will be much wailing and gnashing of teeth if Evansville loses its Bonefish or Outback?FOOTNOTE: Todays “Readers Poll” question is: Are you surprised what the former Evansville Icemen team paid Venuworks to lease the Ford Center for each home hockey game?FacebookTwitterCopy LinkEmailSharelast_img read more