Petition updateStop The Indianapolis Red Line Transit Project4 Questions I'd Like to Ask the Indianapolis Metropolitan Development Committee
CollegeAvenueIndy.org
Dec 16, 2015
1. Does The Midtown Economic Council (or any of its members) have the authority to issue bonds secured against future tax increment generated in the Midtown TIF district, and can they do so without voter approval?
2. Does The Midtown Economic Council (or any of its members) have the authority to channel public money either directly or indirectly to developers or private interests in the form of: cash grants, tax abatements, free land or City-paid land improvements?
3. Does The Midtown Economic Council (or any of its members) have the authority to condemn property or label it "blighted" for the purpose of facilitating transfer to private ownership interests?
4. Does the non-profit status of The Midtown Economic Council (or any of its members) entitle it to purchase distressed properties from the City at a price below the assessed fair market value?
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