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CIB takes Black Expo grant request under consideration

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Members of the Indianapolis Capital Improvement Board will consider at their next meeting whether to restore a $150,000 grant to Indiana Black Expo Inc.

Leaders of the local not-for-profit made their pitch at the CIB’s monthly meeting Monday afternoon after losing the funding last year when the CIB encountered financial difficulties.

Representatives of Black Expo said they could use the additional money to better market the Circle City Classic, which drew 10,000 fewer visitors in 2009 than in 2008.

The annual October event in Indianapolis features a parade and football game between two historically black colleges.

“We’re going to use the funds very appropriately, and the city of Indianapolis will get a return on those funds,” IBE Chairman John Thompson said.

The CIB said it would take the issue under advisement and address it at the board's May meeting.

CIB’s money woes continue, however, as the organization reported a revenue shortfall of $1.3 million through the first two months of the year. Much of the deficit can be attributed to less money collected from hotel room taxes than expected.

CIB, which lopped $15 million from its budget last year, saved an additional $436,000 recently by moving 139 employees to the city of Indianapolis’ insurance plan.
 
Employees of the organization were facing a 25-percent increase in insurance premiums from its provider, Indianapolis-based Anthem Inc.
 
 

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  • Hate Expo
    This event brings crime and hatred to our city. This is bigotry and racism at it's highest. Hughe numbers of police officers have to be on hand to handle the massive problems. Yet a few weeks after this FFA comes to town and there is not a problem.
  • Pacers Want Colts Deal
    WTHR's Milz Makes Case For Pacers Subsidy

    "But if the city were unable to pick up the tab for Conseco? Morris said, "I think that would mean we'd have to explore all our options. The fact of the matter is there are a lot of cities in North America and around the world who would love to have a big league team.
    http://advanceindiana.blogspot.com/2010/04/wthrs-milz-makes-case-for-pacers.html

    Should Indy be paying for the Colts operational cost?

    If neither team gets this benefit, Pacers request goes away and CIB/taxpayers become solvent.
  • Because?
    They shouldn't fund this mess. The only thing Black Expo does for this city is make it more hate ridden and ignorant!

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  1. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

  2. An increase of only 5% is awesome compared to what most consumers face or used to face before passage of the ACA. Imagine if the Medicaid program had been expanded to the 400k Hoosiers that would be eligible, the savings would have been substantial to the state and other policy holders. The GOP predictions of plan death spirals, astronomical premium hikes and shortages of care are all bunk. Hopefully voters are paying attention. The Affordable Care Act (a.k.a Obamacare), where fully implemented, has dramatically reduced the number of uninsured and helped contained the growth in healthcare costs.

  3. So much for competition lowering costs.

  4. As I understand the proposal, Keystone would take on the debt, not the city/CRC. So the $104K would not be used to service the $3.8M bond. Keystone would do that with its share.

  5. Adam C, if anything in Carmel is "packed in like sardines", you'll have to show me where you shop for groceries. Based on 2014 population estimates, Carmel has around 85,000 people spread across about 48 square miles, which puts its density at well below 1800 persons/sq mi, which is well below Indianapolis (already a very low-density city). Noblesville is minimally less dense than Carmel as well. The initiatives over the last few years have taken what was previously a provincial crossroads with no real identity beyond lack of poverty (and the predictably above-average school system) and turned it into a place with a discernible look, feel, and a center. Seriously, if you think Carmel is crowded, couldn't you opt to live in the remaining 95% of Indiana that still has an ultra-low density development pattern? Moreover, if you see Carmel as "over-saturated" have you ever been to Chicago--or just about any city outside of Indiana?

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