Carmel City Council OKs $19M TIF bond for Proscenium III project

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7 thoughts on “Carmel City Council OKs $19M TIF bond for Proscenium III project

  1. What’s wrong with apartments?! That seems like the perfect place to build as many apartments as you could possibly fit. Anywhere close to the Monon between Carmel Drive and 136th should not struggle for approvals for five-over-one or apartment housing, and the only question should be “can you add more units?”

    The only way we get more affordable housing units is to intentionally focus on building _more_ units. These Councillors clearly know that, but they’re carefully saying these words that sound nice to cover up that they are very intentionally jacking up housing costs by reducing unit count.

    1. Excellent points and you’re addressing the elephant in the room. Nobody wants to be the person to say certain things but the term affordable housing always leaves a bad taste in the mouths of suburbal residents mouths and a certain type of prejudice

  2. The negative tone around apartments shows the Carmel Housing Taskforce, which didn’t include a single tenant or even surprisingly an apartment developer, was just a dog-and-pony show.

    1. The task force did not have any developers or builders at all by design. Had we included any in the panel, they would have been accused of trying to tip the scale toward projects that would benefit their firms. Several were scheduled presenters. It did include a senior VP from Merchants Capital that specializes in multifamily rental finance.

  3. “just one of those (apartment projects) in the right place at the right time,” Councilor Green said. WUT? Gibberish. City-Council-nonsense-political-babble. Why the right place? Why the right time? No one explains why this is good for us TAX paying citizens. Giving tax breaks to developers while we have huge city debt already, and overloaded street traffic, plus an influx of refugee residents from other places who can’t afford to buy here.

    We all put in the effort to get good jobs, then saved our money to buy houses in Carmel. Why should anyone get a free ride that we never got?

    The current administration is RUINING our city.

    Yes, they were on the City Council before the last election. They are to blame. For it all. They are beholden to someone. But, certainly not us homeowners.

    A housing task force with no homeowner associations included!!! Mayor Finkam says no developers on the task force. Maybe. However, no representation from the homeowners either. Why was any entity not from Carmel on this task force?

    Invest in traffic light stocks. We’ll need to be putting them int to “enhance” the roundabout debacle Mayor Finkam has created.

    Mayor Finkam wants to lower housing prices in Carmel. She’s on record as stating that very thing. That means the value/price of your house and mine goes down. We should all want the value of our property to go up, not down. Supply and demand, just that simple. Build more housing and supply increases. Prices drop.

    We need to take back the city from these non-representative representatives.

    We need candidates who’ll represent the citizens. If you’re willing and able speak up. We’ll support you.

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