With great regularity, despite the name of the political party "leadership" involved, and despite the fact that the city remains with a "structural" fiscal problem, municipal decisions remain questionable. Policies which have failed to correct that financial situation continue to be popular with those folks.
The City County Council (CCC) has voted to expand the downtown TIF district both to the east and to the west. This will support more development, and subsidy of the developers, without adding timely and needed increases to the property tax revenues available to public education, public safety, public parks, etc..
We congratulate Councilor Scales on her vote opposing the action.
We seem to be well on our way to making all of Marion County a TIF district which will allow increases in property tax revenues to be withheld from ordinary and usual government operations in favor of a huge slush fund for the benefit of those political functionaries.
The new area of interest is labeled Market East by the IBJ, extending to the east of College Avenue, mostly along Washington Street. Any number of individual developments are predicted. We could not, however, find any specific references as to what taxpayer contribution will be expected.
Of course TIF activities have been in question for a long time. Actually, the question of the title "Logic?" comes with connection to a very fresh action. That is the approval of a tax increase for transit.
The transit plan has received great accolades for, among other things, allegedly increasing economic activity along its routes. Specifically the infamous Red Line.
Now that we are being informed about the tremendous future of the area around Washington and College, perhaps someone will enlighten us why that additional incentive of the Red Line has been moved blocks to the west on Capitol Avenue.
Since Carmel has apparently decided that traffic roundabouts are a more desirable way to move people than buses, we will have to, at least temporarily, stop calling the Red Line the Palladium/Stadium Line. Sorry, folks.
With one new downtown project expected to build the parking garage before other planned structures, maybe we ought to be looking north for ideas rather than expect them to join us.