That's what we'd call the head on the editorial in this week's Indianapolis Business Journal (IBJ). It reads, "CIB (Capital Improvement Board) failure isn't an option."
We'd have to agree. Something that has already happened can hardly be called an option. Reading the detailed discussions in the same issue of the same paper - discussions of a board drowning in red ink despite the availability of multiple sources of public funds - it certainly appears that failure is already upon us. We would add it is a failure resulting to a great degree from secretive and arrogant operations over a number of years, aided and abetted by political and business leaders, and perhaps most of all by a seemingly disinterested, acquiescent news media.
But we wonder what is meant by "failure" in the paper's context. Surely the disappearance of the CIB, as an expensive layer of non-elected government, would fit in with the current move toward consolidations.
We suspect the reference is in this sentence in the editorial; "No one wins if the city's landmark sports venues go dark." (Our emphasis.) Is this an indirect threat that the teams might abandon the city if they are asked to share the load?
Surely this is not a problem. We've been assured, over and over and from multiple sources, that the new stadium is an integral part of the operation of the expanded convention center - almost to the point that one might have assumed football games were really an afterthought. Is it now not true that the stadium will host a multitude of events other than football games?
Could it be that expansion of the convention center really was an excuse to demolish the RCA Dome - before the CIB got around to paying for it - which facility, of course, had to be replaced with a palace costing ten times as much as the original building?
Could the real fact be that the political/business/media folk have been "less than forthcoming" with the taxpayers?
The last paragraph of the editorial contains a sentence sounding vaguely like something we've been hearing from Washington, D.C., lately. "The timing of this crisis couldn't be worse, but a remedy can't wait."
We remember being in a situation the other day where an aggressively eloquent salesman repeatedly warned us that "tomorrow would be too late." We didn't buy that either.