IBJNews

Indianapolis Super Bowl project gets $1M boost

Back to TopCommentsE-mailPrintBookmark and Share

The JPMorgan Chase Foundation is donating $1 million to complete funding for an $11.2 million health and recreation center in Indianapolis tied to the city's hosting of the 2012 Super Bowl.

The grant clears the way for construction of the Chase Near Eastside Legacy Center. It will include an NFL Youth Education Town.

The facility is scheduled to open in January 2012. The John H. Boner Community Center will own the facility and operate it jointly with Indianapolis Public Schools.

The Indianapolis Super Bowl Host Committee says the center is a key part of its legacy project to revitalize the near-east-side neighborhood.

ADVERTISEMENT

  • Good News
    Midwest, I am not sure why you are complaining about a private company contributing money for a community center??? The motivation may have been the Super Bowl, but the community center is a public facility and Chase is a private company. What does this have to do with tax dollars? And, it really has nothing to do with professional sports either. If you want to complain about tax dollars going to sports, then complain about the Ballard administration and the Capital Improvement Board siphoning off property tax dollars to subsidize the Pacers, but skip the rants over this community center project.

  • While libraries and schools close
    and a billion dollars a day is spent in Afg/Iraq/Pak and a million dollars a year on each soldier.... professional sports gets a million in Indianapolis. Watch the fade
  • Midwest?
    Midwest, this has nothing to do with the game itself. This is all about money that the Super Bowl of 2012 is bringing into the community and the revitalization of the East Side that is starting to occur. To as of how a company can donate $1M to help get a project in a rough area completed and someone can still be upset is beyond me. Rather than reading the title of the article and immediately commenting, maybe you should read the article!
  • What?!?
    So Chase is donating $1mm and you start a rant about tax dollars. Hmmmm, do you know who's DONATING the other $10mm not tax payers.
  • Tax Dollars at work
    Now we know where the tax dollars are going - to finance sports extravaganzas. Unless this can show real, long-term jobs & employment for people not involved in playing or coaching or cheerleading, etc a GAME, this is very annoying. I dont' want to hear about how important major league sports are and the jobs they bring to hotel rooms, fast food joints, restaurants, etc. I want real jobs for many, not a stupid ring for a few.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. Aaron is my fav!

    2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

    3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

    4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

    5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

    ADVERTISEMENT