Government Reform

Communities making tough choices will be better offRestricted Content

December 1, 2008
Mike Hicks
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
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Election of president, governor signals Hoosiers desire changesRestricted Content

November 10, 2008
Indiana's blue vote for president-elect Barack Obama on Election Day was a sign that Hoosiers are ready for change. So was the state's red vote to keep incumbent Gov. Mitch Daniels in office. In this case, the status quo means more change. Daniels has been making gutsy and sometimes unpopular moves since taking office four years ago. He ran on a promise to keep shaking things up.
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Change begins with everyone, not just ObamaRestricted Content

November 10, 2008
Bruce Hetrick
Sen. Barack Obama's election and call for change and hope, as well as Ind. Gov. Mitch Daniels' re-election after dramatic changes, shows that Americans can become successful again.
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Residents to decide fate of township assessorsRestricted Content

November 3, 2008
Peter Schnitzler
In this election, citizens must decide whether the assessing duties of the elected township assessor in the township should be transferred to the county assessor.
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Costumes for the politically astuteRestricted Content

November 3, 2008
Mickey Maurer
 Whatever costume you wore on Halloween, let Joe the Plumber, Rev. Jeremiah Wright, Tyrannosaurus Rex, President Bush, King Abdullah bin Abdul Aziz, Sgt. Joe Friday and other characters of this election cycle continue to spark a lively dialogue with your friends, family and neighbors.
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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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