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Oesterle sells land to Angie's List, reaping millions
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Are millions in Angie's List advertising expenses going into CEO Bill Oesterle pocket also?
http://advanceindiana.blogspot.com/2013/05/ibj-exposes-self-dealing-by-angies-list.html?utm_source=twitterfeed&utm_medium=twitter
This is actually worse than is being reported. The properties were gifted to Oesterle with more than $4.6 million dollars in taxpayer money. So not only is he screwing his shareholders with inflated sale prices, but he is double dipping considering Mayor Ballard gifted him all the money to buy the property. Guess being politically connected (Campaign chairman to Mitch Daniels) gives you a license to steal and a get out of jail free pass.
http://www.ibj.com/city-will-give-angies-list-46-million-for-real-estate/PARAMS/article/28944
A non-compete clause is expected to keep Buchman from appearing on-air at WTHR for a year from the WISH contract’s expiration.
In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
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Are millions in Angie's List advertising expenses going into CEO Bill Oesterle pocket also? http://advanceindiana.blogspot.com/2013/05/ibj-exposes-self-dealing-by-angies-list.html?utm_source=twitterfeed&utm_medium=twitter
This is actually worse than is being reported. The properties were gifted to Oesterle with more than $4.6 million dollars in taxpayer money. So not only is he screwing his shareholders with inflated sale prices, but he is double dipping considering Mayor Ballard gifted him all the money to buy the property. Guess being politically connected (Campaign chairman to Mitch Daniels) gives you a license to steal and a get out of jail free pass. http://www.ibj.com/city-will-give-angies-list-46-million-for-real-estate/PARAMS/article/28944
A non-compete clause is expected to keep Buchman from appearing on-air at WTHR for a year from the WISH contract’s expiration.
In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?