Fishers proposes food and beverage tax to fund $170M arena for Indy Fuel

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21 thoughts on “Fishers proposes food and beverage tax to fund $170M arena for Indy Fuel

    1. We are both in total agreement.
      Scott and clan should not be allowed to “develop” anymore so called projects until it can be demonstrated that the project will benefit the city in at least 10years… Net present value…population tax base increased…new businesses attracted…gross sales receipts..etc…
      I will also say your statement “the facility will not last the length of the bond” is exactly what my wife and I thought when we heard the news. Not that I”m against the development — just that the developers need to be cut off from city “assistance” when the project CAN”T be proven to be completed on its own power and on time.

    2. You would think that will all the businesses that Fishers “leadership” has brought to town that are going to be “bringing money” that the tax rate would be near zero for residents at this point…… #Sarcasm

    3. I would tend to agree. We’d like to think that an event center/arena like this would last more than 40 years, but honestly it’s impossible to know if it will. If the Fuel owners are going to manage the venue, how much money are they putting in to fund this? I like that the city controls it but the Fuel need to put some skin in the game too.

    4. How? It will be an amazing amenity for the city. The restaurant will benefit having 8500 people a couple times a month.

  1. Isn’t it interesting how deep our governments keep getting into our pockets? Isn’t it enough that taxpayers have to pay for the NBA, MLB, NFL, and NHL stadiums, etc. but now we have to pay for their affiliates? Just add a tax here, add a tax there. No problem. If the Chicago Blackhawks want a new stadium built for one of their affiliates, the Indy Fuel, then build it…spend your money…you are the billionaires! If I was to take money out of your pocket, I would be stealing from you and would be arrested. But, if our government takes money out of your pocket, it is called a tax. At what point in time are we going to STOP tolerating this BS.

    1. Vince….You are 100% correct about professional leagues like the NFL, NBA, and MLB. All these leagues are entertainment cartels that extort money out of poor people and cities. At least Bob Craft owner of the Patriots owns his own stadium…Watch what happens in Chicago to the Bears…

    1. To be fair, this was a whole different sort of project. There are similar elements, but it’s not the same.

  2. Large(r) cities such as Indianapolis competed for major sports teams and of course give them a deal. So to post-implementation economic studies prove that public financial and other benefits to these private teams truly result in financial and meaningful employment benefits to cities?

    Indeed these teams provide entertainment at high costs. And subsidization of these private endeavors cannot be disputed. Again, one asks if the benefits are indeed worth the public investment.

    Is the cachet of having a major sports team really worth the cost. This question continues to resound.

    Large stadium cost often exceeds $1 billion. And cities nationwide have contributed directly and indirectly. Yet, proposals for a comparable amount, or much less, to improve roadways, bridges, schools and other critical infrastructure seems to meet much greater scrutiny and often remains un- or underfunded. Communities, or their representatives, make the choices. But should some choices require a voter response.

    1. …for a venue that where team owners will be demanding major upgrades in 15-20 years because it’s “obsolete”.

      Just like Bankers Life and RCA Dome…

  3. Hey my fellow Hoosiers, I hear you LOUD and clear on the subject at hand but we must understand something and get this clear. Central Indiana is spending HUGE amounts of money on major projects around the entire metro to attract talent and to retain homegrown talent from leaving the state. We have to remember that Indy has to do whatever it takes to get someone from sunny California or Texas to want to relocate to what’s known as flyover country. Talent and tech companies look for amenities as those being built in Fishers and Carmel to attract people here. I understand the concerns about taxes, bonds and who’s going to pay for it ect ect, but the reality is, Indy’s metro has no choice if its going to stay competitive and that’s just the facts. So we might as well embrace it, cause its clearly here to stay. Economic growth is crucial in also attracting tech companies to relocate here. Just being a cheap place to live alone isn’t enough. The younger generation wants live, work and play communities with loads of amenities. Welcome to the BIG leagues Indy.

    1. Chris B – agreed. Minor League hockey doesn’t warrant the type of economic stimulus to justify said tax.

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