Sunday, April 12, 2009

Piling It On

The bad news just keeps on coming.

Not only is Indianapolis suffering (like the rest of the world) from the recession, but our sewer system is on the verge of collapse, we can't afford upkeep on either the Lucas Oil Stadium or Conseco Fieldhouse, the former site of Market Square Arena remains an unpaved gravel parking lot years after the building was torn down -- and now we find out that the Indianapolis Water Company owes hundreds of millions of dollars in interest payments. ("The water utility's $435 million in variable-rate debt represents 58 percent of its overall debt", reports The Indianapolis Star, noting that amount is "about three times higher" than industry standards recommend.)

This Indianapolis Observer wants to know: where's the mayor?

No comments: