The predominant discussion in the Indianapolis media over the proposed $500 million Colts stadium is how to fund it Cheap Air Presto Triple Black , not over the wisdom and propriety of taxpayers going into debt to build it.
Apparently the leaders of both major political parties in Indiana have signed off on the concept, including a poor building design, and are content to confine their discussion to who's picking up the tab.
Come hell or high water on White River, Indianapolis Mayor Bart Peterson has vowed not to lose the Colts during his administration. His plan in part is to raise $13 million annually through higher car rental, innkeeper and admissions taxes in Marion County Cheap Air Presto Triple White , as well as with annual gambling profits of $46 million from 2,500 pull-tab gambling machines in downtown Indianapolis.
Regional Republicans have their own plans to fund a new stadium. Rep. Luke Messer of Shelbyville proposes giving Indianapolis $30 million in annual revenue from 2,500 slot machines at the Hoosier Park and Indiana Downs horse tracks. Marion County GOP chairman and state Rep. Michael Murphy has a similar plan that would divide the slot machine profits differently, giving Indianapolis $48 million annually.
Here are three problems with these major party proposals, besides any issues that readers might have over funding the stadium with gambling profits.
First Cheap Air Presto Burgundy , they do not address the issue of stadium obsolescence. Taxpayers cannot afford to again let government build a stadium that the NFL outgrows, especially one that is three-times the real cost of the first one. Proponents should guarantee that the stadium will be valuable for 50 years, or promise to indenture the lives of their children and grandchildren at double the rate of our servitude.
Second, their proposals treat businesses unequally. They subsidize rich millionaires at the expense of smaller or more deserving businesses. Likewise, they treat businesses such as the Indianapolis Motor Speedway unfairly by taxing them to underwrite their sports competitor. It's a slap in the face to the Speedway Cheap Air Presto Black , which funds itself.