opinion

Don't give tax support to Angie's List, Indy Eleven

Those entrusted with spending our tax dollars wisely should not use those dollars to assist projects proposed by Angie's List and the Indy Eleven.

Angie's List has not earned an annual profit during its 20-year history. That is not likely to change.

The Indy Eleven had a relatively good year at the gate, but no where good enough to sustain the financing of a stadium, even if we assume that it will continue to draw the same crowds each year win or lose after the novelty wears off. The histories of Circle Centre mall and Union Station tell us that novelties do wear off. The financial gymnastics we see each day, as the owner of the team attempts to make economically feasible what isn't, are telling.

If neither project can get bank financing, and those who support the projects won't provide financing out of their own pockets, why should the taxpayers be at risk for what are clearly, at best, two financially iffy projects?

Sidney Mishkin, Indianapolis