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  • Abdul-Hakim Shabazz Just finished reading the Indy/Citizens Gas MOU. Nothing like a 21-page, single spaced light read for a Sunday afternoon. - posted on 14/03/2010 03:50 pm
  • Abdul-Hakim Shabazz Going to spend part of the day reading the 21-page MOU between City and Citizens Gas. Hope critics of the proposed transfer do the same. - posted on 14/03/2010 09:20 am
  • Abdul-Hakim Shabazz @IWURuss He's back and still emotionally unbalanced. - posted on 14/03/2010 08:38 am
  • Abdul-Hakim Shabazz There is something fundamentally wrong with America when there are 3 copies if "Hurt Locker" and 20 copies of "2012" at the video store. - posted on 13/03/2010 09:43 pm
  • Abdul-Hakim Shabazz What's up with Purdue? This is worse than watching the Rodney King video!!! - posted on 13/03/2010 06:09 pm
  • Abdul-Hakim Shabazz Lugar and IN Supt Tony Bennett recognizing Warren Township schools. - posted on 13/03/2010 11:45 am
  • Abdul-Hakim Shabazz At event at Statehouse. Have to interview US Senator Dick Lugar. - posted on 13/03/2010 11:29 am
  • Abdul-Hakim Shabazz House passed education bill 97-0. - posted on 13/03/2010 01:29 am
  • Abdul-Hakim Shabazz House passes UI bill 85-12. Senate passed it earlier 50-0. - posted on 13/03/2010 01:29 am
  • Abdul-Hakim Shabazz More analysis over the weekend. Until then, Sine Die! - posted on 12/03/2010 11:29 pm
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Privatized Parts?

It took four months, but somebody got the hint.  The City of Indianapolis is seeking proposals from private entities to take over the operational costs of Lucas Oil Stadium, the Convention Center and Conseco Fieldhouse.

Mike Huber, head of Enterprise Development for the city says they’ve received a number of inquiries from private companies interested in taking over the operations of the facilities.

Huber says the city needs to find money to operate the CIB and a private company could be the way to go.  Huber says it was unclear whether any deal reached would need approval of the Colts, Pacers or the State; saying it would depend on how the agreement was structured.

The city expects to receive a couple dozen proposals before Thanksgiving.

Posted: 10|21|09 at 8:14 am by Abdul Hakim-Shabazz
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  • Think Again
    If buyers can be found for these public assets, at a decent price (even a loss might be worthwhile), then full speed ahead.

    It won't happen unless someone has an inside shot at getting rich via buying access to politicians, i.e. the IBM deal with the State.

    Privatization can work, if the greedy insiders let the true market work. Please show me one example in this city of that concept.
  • pogden297
    Nick, you are exactly right. You know that any privatization deal will be about making some political insider rich, not what is in the best interests of the taxpayers. And, Varan, you're right. Any deal for a private contractor would have to be heavily subsidized to make it profitable to the private contractor.
  • Nick
    Remains to be seen if this administration has what it takes to actually pull off a large transaction that would benefit taxpayers more than political insiders.

    Just look at what happened with the Veolia Water deal.

    Details, details, details...
  • Dave
    Perhaps for the same reason that an unconflicted child can pose an obvious question to a room full of adults. It's healthy, it's OK.

    The ultimate move would be placing these "assets" up for sale to liberate taxpayers & refocus government on its limited purpose; which is not an "in business" proposition.
  • varangianguard
    Hmm. I guess I would have to assume that these companies see some kind of profit potential here, else they wouldn't be interested.
    .
    If true, I wonder why the CIB seems to be so ineptly incapable of finding that same profit potential?
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