consultants are sandburs

Wednesday, November 20, 2013

"A $17.8 million city subsidy to support a developer’s plans for a 28-story Downtown Indianapolis apartment tower has won the first of several needed approvals. Flaherty & Collins Properties earlier this year announced an $81 million glassy tower with 300 upscale units, a 500-space parking garage and enough ground-floor retail for a full-service grocery. It could break ground in the spring on the northern half of the former Market Square Arena site, at Market and Alabama streets. Municipal bonds that would provide the city’s subsidy still need approval from the City-County Council and other commissions. On Monday, the Indianapolis Economic Development Commission gave its 3-0 approval for the administration’s proposal to issue 25-year bonds, Deputy Mayor Deron Kintner said."

Same old stuff. This link, source of the headline quote. So much subsidy. All but foodstamps ...

UPDATE: This link. How many in the bushel basket were unsubsidized?

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