Not-for-profit weighs hiring Carmel redevelopment chief

September 10, 2013
Back to TopCommentsE-mailPrintBookmark and Share

A month after a split Carmel City Council decided not to extend a $100-per-hour consulting deal for longtime Carmel Redevelopment Commission boss Les Olds, another organization is considering hiring him to keep city redevelopment projects on track.

The Carmel City Center Community Development Corp., a not-for-profit known informally as 4CDC, discussed the idea briefly at a Tuesday morning meeting and will reconvene in two weeks to decide whether to hire Olds and loan him to the CRC.

4CDC member Ron Carter, one of three city councilors who voted to renew Olds’ contract, said he proposed the loaned-executive approach because it fits the organization’s goal of supporting the Carmel community and its redevelopment commission.

“With the amount of projects we have in the pipeline, there’s no question we need someone to interface with the development community and work on making sure the interests of the CRC, the city and its taxpayers are safeguarded,” Carter told IBJ. “We are in the position to do that.”

Formed in 2009 to help the CRC complete construction of a theater/office building in the City Center complex, the three-member board also has provided financial support to Carmel’s Center for the Performing Arts and other downtown businesses.

IBJ reported in 2011 that most of its funding has come through grants from the CRC.

The CRC paid Olds $116,000 in 2012, Councilor Luci Snyder said last month, but his compensation was cut along with the agency’s budget when the city agreed to refinance $184 million in redevelopment-related debt late last year. As part of the deal, council members passed a pair of ordinances giving them control of future debt and certain expenses, including large professional services contracts.

They flexed that muscle in September, voting 4-3 against a contract extension for Olds, who charged the CRC $60,000 for six months’ of work. Mayor Jim Brainard warned that the move would shut down the redevelopment commission, which has several projects in the works.

Underground utility work began this week to prepare for Anderson Birkla’s $6 million two-building The Mezz project in City Center, for example, and a $10 million mixed-use building there called The Nash already is under construction.

Developers’ interest in Carmel has dropped since the council’s August decision, Carter said, adding that projects such as the redevelopment of a key property at Carmel Drive and Range Line Road have stalled without Olds’ leadership and expertise.

He said members of the 4CDC will review their options with the group’s legal counsel before voting on the matter Sept. 24.

ADVERTISEMENT
  • Ha Ha
    Taking care of the inner circle in Carmel.
  • $100
    Don't tell me the not-for-profit will pay $100 per hour!
  • CRC/4CDC
    These are the illegitimate children of an Administration on the edge. The carousel is getting smaller and they are spinning the truth faster than ever. It's only a matter of time before their cohesiveness starts to wear out. The only thing holding them together is their mutual need to protect themselves from their past indiscretions. They are attacking and labeling others to try and divert attention away from their gross negligence and mismanagement.

Post a comment to this blog

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
  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

ADVERTISEMENT