Screwed again

September 25, 2008

Still paying off a building after it’s torn down. Only government would have the audacity to do something so breathtakingly irrsponsible:

INDIANAPOLIS — Indianapolis leaders on Wednesday did what a homeowner could never legally do — demolish a building while the mortgage is still unpaid.

 

The original debt for the RCA Dome, which had its roof deflated Wednesday — a precursor to demolition — not only hasn’t been paid off, it’s 50 percent bigger than when the dome was built, 6News’ Norman Cox reported.

[. . .]

At that point, the debt climbed to $73 million. Since then, about $4 million has been paid off, leaving the taxpayers’ tab for a building that soon will be demolished at $69 million.

At least Memorial Stadium was paid for — barely — before it was abandoned. No irresponsible government here!

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One Response to “Screwed again”

  1. Bob G. Says:

    …barely!

    😉

    B.G.


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