To the editor:
“Just because someone else did it, doesn’t make it right.”
How many times have we heard our parents give us that sage advice? It sure resounded in my head after reading the Daily Journal’s recent articles on the proposed redevelopment commission’s spending of tax-increment financing district money.
It seems the city of Greenwood tries to rationalize spending $465,000 a year for 15 years from the Greenwood Mall tax-increment financing district, to build the proposed aquatic center, to the Carmel funding of the Palladium by using all their tax-increment financing funds.
Personally, I think that was a bad analogy on many levels. First of all, the Palladium (also known as the White Elephant) is dependent on yearly government subsidies to stay afloat. Secondly, Carmel was just named No. 1 in Indiana with the highest debt, over $895 million.