Lucas Oil Stadium: Show Me The Money!

Reportedly, Lucas Oil Stadium has an almost $45 million operational shortfall. Now the question: who’s going to pay?

Interestingly enough, the original proposal would have financed the operational costs into the stadium’s long-term financing. That idea is about as crazy as an individual figuring what s/he will overspend over the next 30 years and getting a 120-year mortgage to make up the difference.

Some smarter politicians are saying that they’ll vote against any broad-based tax because the general public has paid enough for the facility. They are endorsing a user fee or 'ticket tax' of sorts, while also stating they need to have another look at whether other stakeholders, such as the Colts, are paying their fair share too.

I’m reminded of a story I read sometime back in the Indy Star, entitled "Financial terms of team's pact with Indy are among the most lucrative in NFL". Although the title pretty much sums it up, here’s the link: http://www.indystar.com/apps/pbcs.dll/article?AID=/20080824/NEWS05/808240397

WARNING: Your Blood Pressure May Raise After Reading

There’s a good number of Americans who think the government bailouts are a waste of taxpayer money, a reverse Darwinism of sorts. A website purporting to give more transparency to this whole saga can be found here: http://bailoutsleuth.com/

You may want to read this after you take your blood pressure meds though…

Former 'Happy Greek' Property SOLD!

A recent property transfer in the GCDW of property in Yeoman's First Addition to the City of Linton caught my eye the other day, one from Regions to APPLES ANGEL, LLC. This appears to be the former Happy Greek property, a nicely-located parcel on the highway through Linton.

Apples Angel, LLC was recently registered with the Indiana Secretary of State as a domestic, Limited Liability Company on 12/17/08. The registered agent for the company is Donna Apple with a mailing address of Sandborn, Indiana, according to their Articles of Organization.

As you may recall, Apple opened & now co-owns The Watering Can Flower Shop in Linton with Gina White, according to past stories in the GCDW.

Stoll's Country Inn - FOR SALE?

You never know what you’ll find on the ‘net. Today was no exception. To my surprise, I found that there’s a sales sheet for Stoll’s Country Inn in Linton.

With a price tag over a million dollars, I’m not sure how serious of an offer this is. At first blush, the price appears steep for the Linton market; however, I have no idea what type of revenues they do, so it could be a steal too.

Here’s the listing: http://www.commercialiq.com/listing/1876411

Handy-Dandy Tax Guide

State Farm puts out these nifty little tax references each year. After the first of the year, I kept checking their website and 2009’s finally appeared. Here it is:

http://www.statefarm.com/_pdf/2009guide.pdf

Of course, you can find previous years simply by changing the year in the web address. Duplex print the reference, and you have a nice little one-pager, front-and-back reference.