It’s too bad the Indian tribes opposed to the oil pipeline out west are not dealing with the Capital Improvement Board (CIB) here in Indianapolis. Their efforts would be much more successful.
The online IBJ tells us today that the local baseball stadium will be receiving about $6 million over a 3-year period, which will add to the revenues for the team and the enjoyment of the fans.
It really makes one wonder what the negative financial effect is on organizations which do business with the CIB.
The football team gets a heavily subsidized stadium, without which it apparently would have to seek a more generous home. The basketball team has lost money for years in taxpayer-built palaces, and currently receives an annual bribe of $16 million to give us the benefit of its presence.
Having been financially stable for decades, but now being a tenant of the CIB, the baseball team and its fans suddenly become eligible to get in line for a share of taxpayer dollars.
All of these expenditures are justified as economic advantage to the city, and as aesthetic and comfort benefits for the fans. But, besides adding up financially, it certainly leads one to wonder when, where and how much the construction and operation of a new multi-million dollar soccer stadium will cost the taxpayers eventually.
Starting in 1974 with Market Square Arena, we’ve been into this concept with a remarkable lack of success. The city still struggles with "structural" financial problems and constantly "requires" new or increased taxes to provide ordinary and usual municipal services.
And to the best of our knowledge, it has never been demonstrated as to when, how or why the taxpayer became responsible for providing certain entertainments and for the personal comfort of the patrons thereof.
We think it is pretty simple. A business which cannot earn a profit should shut down. An individual who wants to down a beer while comfortably watching a game should pay the true costs for the beer, the comfortable chair and the game.
With that arrangement, Indianapolis’s municipal fiscal situation would be considerably better.