"To hear Kenley explain it, Irsay gave up $45 million in guaranteed revenue and put an additional $50 million of his own money on the table to give up that useless RCA Dome and move into the new Lucas Oil Stadium. What Kenley either doesn't understand or simply chose not to explain to Simpson's listeners is that the so-called $50 million investment by Irsay was actually a $50 million break-up fee he forgave the CIB if it built a new stadium for him."According to Welsh, Senator Kenley was making the case that the Simons and Irsay are not being subsidized by taxpayers. I didn't hear the interview, but if Senator Kenley said that, he's being extremely disingenuous. What I fear is that there appears to be a movement by Senator Kenley away from defending taxpayers to handing out more corporate welfare.
In 2007, elected officials ignored the rumbling taxpayer discontent. It cost some people their positions, including an up until then popular mayor of Indianapolis, Bart Peterson. The legislature heard the voters message and enacted property tax reform. But it appears that the legislature has again gone tone deaf to the anger taxpayers have over yet more corporate welfare schemes. If Senator Kenley and other legislators think there will not be a price for handing over more taxpayer money in the form of corporate welfare, in the midst of a steep recession, they are in for a big surprise.