Colts’ Stadium Short On Horse Sense.
Luke Messer of Shelbyville suggests giving Indianapolis $30 million in yearly money from 2,500 one armed bandits at the Hoosier Park and Indiana Downs pony tracks. They subsidize rich millionaires at the cost of smaller or more meriting companies. Similarly , they treat companies like the Indianapolis Motor Speedway unfairly by taxing them to safeguard their sports rival.
it is a slap in the face to the Speedway, which funds itself. Many have been taught that you can’t get in front without debt.
To streamline the classification we’ll say that good debt is a loan for something you could sell at any point and pay back the debt. A bad debt, naturally, is a loan on anything that may lose value. Let’s have a look at some liabilities that we’d consider bad debt. At the Dome, Colts owner Jim Irsay has 104 suites. He’d have already moved his franchise to L. A. had that town guaranteed him a stadium with enough apartments, which it couldn’t afford to do. So he and his franchise are leveraging Indianapolis and our state legislature into building him a stadium by 2008 that simply gives him more profit potential.
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