You-review-it Monday

July 5, 2009
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I spent much of the weekend participating in panel discussions, leading a pub trivia game, assisting a charity auction, and playing games with my son, all at the InConjunction convention. (Particularly popular: The card games Fluxx and Castle.) Didn't make it in to see any of the films, which ranged from anime and science ficiton obscurities to a sing-along version of "1776". Fun all around.

How about you? Trek to Conner Prairie for the daytime activities or the Symphony? Check out the creative parade in Fountain Square? Hit a club for some live music?

What did you do this weekend?
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  • On Friday we finally made it over to the Indianapolis Art Center to see Rickey's and are planning a drive around trip to see the rest of this art scattered through downtown. I had never been to the Center and was pleasantly surprised and will continue to visit and possibly take a class or two!

    Also went to Holliday Park to see the ruins, and although I was impressed with the park itself, I was a little disappointed in the lack of care and maintenance the ruins have received. This has potential to be a great attraction, but is really lacking! Can someone bring a weed-trimmer to this place? Otherwise, Holliday Park is great - the Nature Center has a great place to sit and watch the wildlife and just relax!
  • Friday night I went to the Casting Crowns concert held at Garfield Park. It was a great concert and a great venue for the size of concert. The lawn was perfect- everybody had a great view. Casting Crowns are definately a band to see live!
  • A sing-along version of 1776?! I want to go to there!

    Yes, I admit it, I'm a nerd. :)

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

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