We spoke too soon. We appreciate the comments from LifeLine on this blog and the input from others in the community who know better than us. We apologize for making such a bold sweeping judgement too quickly and trust that our audience will understand that we are learning too were unfair in this judgement of Bart Peterson.
The Indy Star reports this morning that outgoing mayor Peterson could be planning to put more burden on homeowners with a re-development plan for Eastgate mall. The announcement is clear: Eastgate is eligible for a 10 year abatement. Aren't all those abatements a big part of our problem Bart? Why is he doing this three weeks before he leaves office?
We will update later as we learn more.
"The city will grant about $1.4 million in property tax abatement to Lifeline. "This is such a happy day," said Peterson, who noted the redevelopment will fill a property that has been vacant for three years. The mall site is owned by a Dallas real estate company."
Hoosiers For Fair Taxation is curious how much the Dallas company WAS paying in property tax? We also are curious exactly what Peterson is personally getting out of this deal.
The Indy Star states that Lifeline's sales pipeline demands they seek more space. Perhaps their sales are so high because they are selling storage too low based on the promise of a huge property tax break. Should not the Dallas based company that owns the eye-sore take the financial hit for its demise? Why does Peterson always hit the taxpayer?
Hint: follow the money. Our bet is all roads point to Bart & Co.
2nd UPDATE: We found these comments on the Indy Star comments page:
Was the Dallas real estate company that was sitting on an unoccupied property paying property tax? What's Bart's personal take from the back door of this deal.
"Indy East" replied:
I had wondered that myself. Why wouldn't they have paid
property tax?.Let's see Bart is a good friend of my ex boss,my ex boss has a
direct interest in Lucas property and the airport property. My ex boss cried and
screamed for two days after the election and said "we may not get the contracts
we needed".No I won't say who and no I didn't tell that I voted for Ballard.
I've seen too many good buddy deals going on for my taste. Guess I have a
problem with the "buddy system".