
Wheeler Mission Ministries has no plans to sell its prime downtown real estate,
despite financial troubles that have led the not-for-profit to close its eastside operation. Wheeler said it plans to close
its facility at 3208 E. Michigan St. and lay off 13 employees. The charity's headquarters are at 245 N. Delaware St., a prime
parcel near One Indiana Square, Mass Ave and recent restaurant arrivals BARcelona Tapas and India Garden. "We're not selling
anything, just reorganizing," said Jane Hudson, a financial associate at the Mission. Wheeler plans to transfer a youth program
and a separate family-service program to Shepherd Community Center at the end of the month. Without the cuts, the ministry
would have faced a $342,000 deficit in its $6.2 million budget. With the cuts, Wheeler leaders expect to end the fiscal year
with a $162,000 deficit. Should Wheeler leave downtown to shore up its finances?
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Wheeler is now apparently planning to let the former Dearborn Hotel on East Michigan go empty again, a blow for the Near Eastside.
Their finances and their clients might be better served by selling the pricey downtown real estate and using the East Michigan location to deliver their services. If they own both locations, the sale of the downtown site could provide some capital for expanding/improving the East Michigan site as well as an endowment to cushion against future downturns.
The central part of the city makes the most sense because it offers the best public transportation. How many of these homeless men are vets? Maybe Wheeler needs to relocate near the VA Hospital. They know who their clients are.
It seems to me that if they really wanted to help everybody they would have small facilities located on each side of town to help with job search, medical needs and housing. Look at the areas near Lafayette Square, Washington Street (east or west), East 38th Street.
There is poverty in those areas and a lot of empty buildings. They could still keep smaller ops downtown. Needless to say that would help with the panhandling,, begging and general nusiance that some of the homeless are known for downtown.
If they do manage to lift themselves up to a functioning and sustainable state...employed, clothed, fed and housed...that isn't going to happen downtown. I have a college degree and a decent income and can't afford to live downtown.
This is a win/win. A windfall of cash could bolster the mission's services, and put the mission closer to those it is supposed to be helping. And downtown gets a new central tract for development, as well as probably increasing the property values of the surrounding area - which could spur further redevelopment. Remember, Natalie, these people are HOMELESS, so they aren't attached to a particular area. And right now is the right time to cash out, as property values downtown are at a high, while suburban values are being depressed. When the housing market rights itself, the larger number of properties located in a more diversified set of locations gives them a stronger financial position in the long run.
That said...I think we're transitioning to a time in America when the down and out are no longer the urban poor, but the suburban poor. I agree that it might be a strategic move for organization that serve the homeless to consider running shelters outside of the urban core. I don't think that's trying to hide the reality of homelessness, it's simply a shift in strategy that reflects a larger demographic shift in our cities.
Moving something to where you can’t see it don’t mean it doesn’t exist.
I think it’s about time for Lilly to get off some money and give it to somebody that REALLY needs it. RILEY HOSPITAL AND IU as there fill of cash. With BILLIONS on hand I’m sure they can pull out a couple million from there coin purse for the truly needed.
Seriously, they've got every right to remain there, if they choose to, but I found the comments about them not opening there books very interesting.
Crystal Says:
February 19th, 2008 at 3:40 pm
How much is there downtown property worth?
It seems to me that if they really wanted to help everybody they would have small facilities located on each side of town to help with job search, medical needs and housing. Look at the areas near Lafayette Square, Washington Street (east or west), East 38th Street.
There is poverty in those areas and a lot of empty buildings. They could still keep smaller ops downtown. Needless to say that would help with the panhandling,, begging and general nusiance that some of the homeless are known for downtown.