Saturday, August 24, 2013

IBJ Thinks City Taxpayers Should Help Simon Property Group Fix Up Circle Centre Mall

The editors at the IBJ want you to know that it's your civic duty as good citizens to make sure the billionaire Simons make as much money as possible no matter how much crony capitalism that requires. It seems the editors are worried that the downtown mall known as Circle Centre, built mostly with taxpayer dollars, is starting to show its age. Naturally that means taxpayers should dig deeper into their pockets to make sure this mall that is operated 100% for the benefit of the Simons' Fortune 500 company remains prosperous for them. From their latest editorial:
It was the shining jewel that sparked a downtown renaissance. Beautifully designed and detailed, Circle Centre Mall looked at its September 1995 debut every bit the city-center show stopper. 
Today, not so much . . .
The city owns the land under the mall, and is responsible for maintaining its sidewalks. The city paid for more than half of the mall's $320 million construction cost. So it, Simon and other owners need to partner on an update that could lure the retailers needed to repair the image hit the mall took with its 2011 loss of anchor Nordstrom . . .
Ultimately, the city, Lilly, Simon and the other 18 corporate investors did a downtown by doing a mall. It's time for them to give that mall the face lift that benefits its significance in this city's history, and in its future.
As far as the pompous Mickey Maurer is concerned, there is no limit to how much money we should be asked to stick in this money-grubbing family's palms, most of whom spend the majority of their time living in their multi-million dollar mansions in cities on either coast to get away from the people of Indiana upon whom they look down upon. We built Market Square Arena to help propel the struggling Indiana Pacers franchise they picked up for about ten million bucks that is now worth nearly $400 million thanks to our hard-earned taxpayers, but that wasn't good enough. We had to build a brank spanking new $200 million Fieldhouse with the latest and greatest of amenities. That still wasn't good enough for them and we had to start shelling out $10 million a year in subsidies to their NBA franchise. They wanted to build a mall downtown, but only if taxpayers shouldered the burden for building it. They wanted a new corporate tower built on state-owned property with a $25 million cash contribution and a free parking garage to boot to show to us all how our politicians cower to their influence. At what point do the serfs have to stop providing alms to these greedy people?Any source

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