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You can always count on the mayor to mess things up… this drama is going to be fun to watch!
Or: we Indy taxpayers can count on the Mayor to guard against unwise investments. If the 11’s investor group continues to add sufficient pledges to increase the club’s bottom line, to meet the required threshold, that’s great.
What this story doesn’t say, and only a few likely know: how much of these individual investors’ net worth is pledged to the 11’s bottom line? For example: if you’re worth a billion, but you pledge one million to the club, that’s not a huge lift. If you pledge enough to lift the 11’s net worth to the required level–everyone wins.
The devil’s in the details.
And: it’s probably not a smart move, to sign on to an investment group and on the same day, publicly slam the city’s approach as “not honest.”
Rick S the Mayor is a two faced coward for what he is doing here. Nothing that any government entity gets into that involves the private sector is well advised. JH only has his best interest in mind period.
The Indy Eleven group is positioning itself to potentially do this without one penny of government money, including any from a PSTD. Can Hogsett give us the same assurance? (Rhetorical question). Hogsett’s next move will be to try to destroy the project through blocking moves by the Metropolitan Development Commission. BTW, the Hogsett Administration says that the City Council cannot hold closed door negotiations regarding Eleven Park. Maybe so. But aren’t all of his closed door? Get the job done or get out of the way.
The plot thickens….
With their wealthy new investor, it seems like Indy Eleven could forge ahead without pubic funds.
+1 Do it on your own then…
So how does this guy help the MLS powers at be change the fact that they have said no twice to the key owner of the Eleven Indy deal?
If Indy 11 have such good backing, pay for the stadium, and add ons yourself. Mostly they won’t because they give away a lot of free tickets to put more fans in the stands.
Oh wow, Chuck is complaining about his rich friend losing free money from the tax payers of Indiana. I feel soooooo sorry for them. Good luck going up against an ownership group that looks like it includes the Simon’s! I hope you fail and get your big billionaire ego bruised.
The issue is the mayor not acting in good faith. Doing backroom deals for an MLS franchise while also dragging Indy Eleven along as they are literally constructing their stadium.
Grant: 11’s inability to meet minimum investment thresholds, is likely not a new development. If they can garner additional investors to meet the threshold, it’d be great. It’s not the mayor’s job to sell prospectus details to investors.
Their stadium isn’t under construction. It’s an empty lot. There was a demolition project, but that’s it.
POPCORN!
Get your POPCORN here!
This is going to get interesting…
Do something else! We have to go Major!!! No discussion about it! Just build your project elsewhere Downtown!!! We have to be Major!!!
I looking in my crystal ball and seeing the Indy 11 moving to Ft. Wayne in the future…
Glad to see Surack in here trying to save our city’s heliport. Once it’s gone, you’ll never get another one. Please, Hogsett administration, quit systematically degrading our city’s transportation infrastructure.
This new Eleven alliance may be enough to thwart the lame, backstabbing efforts of Hogsett and his confederates. I hope so. On top of everything else the Hogsett 11th hour manipulations would likely derail not only the Keystone’s MLS aspirations but likely a great development. What are they thinking? Oh, they’re not.
I think the City and mayor have it clear what they’re thinking – the deal that Keystone wants is too expensive for the City. Instead of bringing in individuals to thwart the City’s alternative efforts, Keystone should find investors that support their 11 Park development. If that’s not possible, doesn’t that tell you something?
Why hasn’t Ozidmir gotten a major league team so far? He is a big talker and operates with taxpayer for his success. He has sucked politicians dry to get tens of million taxpayer dollars for his projects. The guy finally got his just dessert. Do it with your money buddy not mine.
This is the guy who wants the heliport to remain open at public expense because he owns a helicopter company and flies to Indy once a year for the 500.