Carmel Indiana is BROKE!
Major local banks will NOT loan anymore money
to the City of Carmel Indiana, because
of failures like that $297,500,000.00 boondoggle
called Gramercy.
Another is the failed "performing arts center"
that is already $134,000,000.00 OVER-BUDGET!
Now a HOTEL TAX to pay for this 550-seat,for-the-Very Rich-only "concert hall", called the
"Carmel Indiana performing arts center".
In reality;
Another tax-supported snob-atorium
Also, the Hotels to taxed don't even exist
in the Blueprint stage.
They are FOLLIES in Brainard's weak mind.
Another Brainard screw-up are the "roundabouts"
that are costing Carmel Indiana taxpayers
over $6,000,000.00 a piece.
25 more of these "roundabouts" are planned:
TOTAL COST---another $150,000,000.00--plus
Interest--AND another series of COST-OVERRIDES!
Carmel Indiana's city-governmental DEBTS
total over $888,000,000.00 in a town with
a declining 63,000-person population base--in 2008. This MEGA-debt load in UN-REPAYABLE!
In comparison;
When Brainard first became "mayor" on January 2nd, 1996, the Carmel Indiana city-governmental
debt was "only" $23,000,000.00.
Since 2002, Carmel Indiana has experienced
a NET LOSS of over 16,000 Jobs and Careers.
What of the future?
Delta Fawcett Inc. will close it's doors by mid-2010, with a further NET LOSS of 860 jobs.
Remember this--Brainard (and Bruce Cordingley
0f PedCor Inc.) have been in charge since
January of 1996.
SO----------
DO THE MATH!
Over 12% of all houses in Carmel Indiana
are in FORECLOSURE--in October of 2008.
Just two years ago, the home FORECLOSURE RATE
in Carmel Indiana was 1%.
61% of all available ofice space in
Carmel Indiana is VACANT as of September
of 2008.
In 2003, only 4% of all available office space
was VACANT!
Now you see why Brainard(and Bruce Cordingley)
are being denied money for more of Brainard's
FOLLIES!
This is why our local banks want Brainard
to RE-PAY nearly $180,000,000.00 in un-repaid
loans, and yet Brainard wants another nearly
$450,000,000.00 for un-named future "projects".
Brainard's "hotel tax" is just the beginning
of future, and HIGHER, SKY-HIGH, TAXES!
Yes my friends, enjoy the "new Carmel Indiana"
because it's based on UN-REPAYABLE DEBTS,
massive housing FORECLOSURES, MASSIVE BRIBERY,
and MORE Brainard-Cordingley pipe-dream FOLLIES!