Independent Carmel bookstore closing

January 26, 2010
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An independent book shop specializing in mystery and suspense novels is closing after a seven-year run in Carmel. The Mystery Company in the Arts & Design District plans to host a farewell party Jan. 30, and close for good a few days later. The shop, which is owned by husband-and-wife team Jim Huang and Jennie G. Jacobson, will offer $10 off any purchase of $40 or more and $30 off $100 or more. Huang has been selling mystery books for 22 years, in Boston, Kalamazoo and Carmel. The couple is moving to Ohio, where he'll manage the Kenyon College bookstore. "It's hard to express how disappointed we are that things didn't work out at The Mystery Company, and how much we'll miss the many friends we've made here in Indiana," Huang wrote on his blog. "We've given this everything we could and we've had a great run. In the end, though, it just wasn't enough."

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  • New building
    This was on twitter a couple of days ago. Sorry to see them leave. Note that they didnâ??t blame Carmel as their clientele were from all over Central Indiana. The top independent bookstore in Seattle just closed after many years.

    If you do want to report on some positive goings on here in Carmel that are relegated to building, there is the Keystone Const 4 story $40 millon Lofts and shops building. It is now out of the ground on Main Street.

    The new $12.5 million office building for SEP engineering is coming out of the ground in the City Center development. This is the result of a use of a Non Profit development Corp. If none of the above is exciting we can find a subway opening or something similar.
  • Seattle bookstore
    Elliott Bay? I know they have had problems like other bookstores but thought they were just moving to Capitol Hill. That is sad.
  • Why?
    Actually, the article wasn't about "exciting" things, Bruce. Your rather cavalier opinion is probably a safe bet as to why it's closing. Lots of new buildings don't necessarily make up for closing a niche market....are any of these "exciting" buildings going to sell mystery books? Seriously, I'd have to say that I no longer find any news of building in Carmel to be "exciting," just sad. Way too much money is spent to be a wanna-be. (And I'm a NE sider)

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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