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Daniels burns mortgages to mark lower Indiana debt

Associated Press
October 17, 2012
Keywords
Elected Officials, Elections, Government, Government & Economic Development, Governor, State Government
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Indiana Gov. Mitch Daniels says the state government's debt for construction projects and other expenses has dropped by more than half during his eight years in office.

Daniels and other state officials on Wednesday marked the early completion of payments on 10 state facilities by ceremonially burning the mortgage paperwork in a trash can outside the Statehouse.

The governor's office says the total state debt has gone from $3.6 billion to $1.7 billion since early 2005. That debt includes financing for buildings and roads and delayed payments to school districts and universities.

The paperwork burned included that for two office buildings and two parking garages near the Statehouse, White River State Park in Indianapolis and prison facilities in Pendleton, Rockville, New Castle and Plainfield.

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  • Sad
    RichOctober 19, 2012 1:16 AM
    We will not have a better Governor of Indiana in my lifetime and I am only 33. Gov. Daniels has saved this state from bankruptcy and put it on a bright fiscal path to the future.
    Reply to CommentFlag Comment
  • thankyou for a job well done
    thomasOctober 17, 2012 8:26 PM
    thankyou so much for a job well done,i would vote for you to be president,but we have to get all the clowns out of dc so you can do your job without the bickering,they need all to go,so we can get this great country going again.
    Reply to CommentFlag Comment
  • Mcdaniels
    TarenOctober 17, 2012 7:49 PM
    Yeah, and the roads are the worst they have been in 8 years.
    Reply to CommentFlag Comment
  • Tell the whole story
    Frank AbagnaleOctober 17, 2012 7:22 PM
    Does the $1.7 bill include or exclude the $ 2 bill owed to the Feds for shoring up IN unemployment fund. Are unfunded state pension obligations discussed? Why not? Why not disclose the state leases Mitch and his minions gave to Bales and others. Is that in the billions?
    Reply to CommentFlag Comment

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  1. Doug Henning!

  2. These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html

  3. Magician and illusionist!

  4. The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.

  5. I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?

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