Tuesday, June 2, 2009

Indianapolis to Give Away Martin Luther King Street Properties to Private Developer

Over at the Stop the Hijack blog, another city giveaway is being talked about. The city purchased five lots, 2629, 2635, 2637, 2641, and 2647 Dr. Martin Luther King Jr., Street using money from a tax incremental financing district. Now the city proposes to simply give the properties away to a private developer, the United Northwest Community Development Corp. for inclusion in an ongoing neighborhood redevelopment project. Stop the Hijack notes that there is no "ongoing" neighborhood redevelopment project.

So the city purchased properties with our tax dollars and now our city leaders simply want to give them away to a private developer, without so much as trying to recoup the acquisition costs? When will these corporate giveaways end? The Metropolitan Development Commission will be voting on the issue as part of its Wednesday's agenda.

Hat tip to Advance Indiana for the update to a post which noted the Stop the Hijack blog which discusses the giveaway.


I know said...

Somebody in the legal profession call a lawyer friend in Memphis, TN and ask them about the give aways and under the table money that has landed POLITICIANS in JAIL. Three Representatives and one Senator in prison.

The Mayor is under Grand Jury investigation for land deals with private developers.

The school board and the city have been under investigation for good old boy favors and influence peddling along with lucrative contracts to friends and family.

At least in the south they investigate corruption and put people in JAIL. In Indiana it is practiced out in the open every day. The blogs report it.

The wild, wild midwest! I would be ashamed.

Unigov said...

Good Lord.

Seriously - Is there not an ordinance about how property is to be disposed of ?

Paul K. Ogden said...

Unigov, there certainly is. If property is worth more than $50K it has to be appraised and the disposal of the property approved by the City County Council. They're trying to get around that by using the MDC as a redevelopment commission for which some of those statutes may not apply.