Chrysler sticks it to Kokomo

August 21, 2009
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Officials in Kokomo and Howard County are in a tough spot. The “new” Chrysler created after its bankruptcy sale to Fiat contends it‘s no longer on the hook for $12.9 million it owes various local taxing bodies this year and $12.3 million it will owe next year.

The taxes are on equipment in the factories its runs in Kokomo. The new company is paying its real estate taxes. Yet, it also is asking that the assessed value of two plants in Kokomo be cut roughly in half, to $55 million.

Chrysler officials have stopped corresponding with local officials, according to the Kokomo Tribune, which is tracking the unfolding mess.

Huge money is at stake for the county. Kokomo would be a Chrysler colony were it not for also hosting a sizeable Delphi electronics complex, which has had its own struggles. Imagine if dozens of Eli Lillys unloaded tax obligations all at once in Indianapolis.

This comes at a delicate time for Howard County. Fiat is scrutinizing Chrysler operations to find places to cut costs. So the last thing local officials want to do is make the new owners mad.

Yet, government needs money. Badly.

If you were the officials, what would you do?

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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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