Monday, September 27, 2010

Indianapolis to Finance...What?

According to, "An upscale Dolce hotel and 75,000-square-foot YMCA are among the tenants slated for a $150 million mixed-use development being built on 10 acres of land Eli Lilly and Co. owns near its Indianapolis headquarters.

"The development, details of which were announced at a Monday morning news conference, also include plans for 320 high-end apartments and 40,000 square feet of restaurant and retail space.

"The city plans to fund the project by issuing bonds...."

Wait! Hold it right there!

The city? The city plans to fund the project? That means you 'n' me, folks! Why do we want to build a hotel and YMCA for Lilly employees?

We can't even keep our libraries open!

More here and here.

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