In print Blog Posts

Almond on Vonnegut

January 25, 2008
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I’m a bit shamed to admit it, but when I picked up Steve Almond’s recent collection of essays "(Not that You Asked)" I cringed a little when I saw that the first substantial one focused on the author’s literary hero,...
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You-review-it Monday, 1-21-08

January 21, 2008
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I had a busy A&E weekend, with the "Three Girls and Their Buddy" concert at Clowes Hall on Friday night (more on that later), the Indianapolis Symphony Orchestra’s hot ticket "Rite of Spring" performance on Saturday (see previous blog entry...
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World’s best bookstores, etc.

January 14, 2008
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One of the most pleasant hours of my weekend was spent chatting with staff and customers at Big Hat Books, the Broad Ripple independent that gave the city a low-key cultural infusion when it opened a few years ago....
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End Times/Good Times

December 14, 2007
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Today, “I am Legend” opens in theaters and “The Mist” is still lingering. I’m hoping to see both this weekend. Next month, “End Days” opens at the Phoenix Theatre, and Spotlight Theatre will stage the apocalyptic “Early One Evening at the...
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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