Downtown Evansville Hotel Advocates Announce Offering of Common Stock
Downtown Dream LLC today should announce that it plans to offer shares of its common stock in an offering that may be registered with the U.S. Securities and Exchange Commission. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, the size of the offering should be 1,000,000 shares at a price of $50 per share with a minimum investment of $500. All documented residents of the City of Evansville will be considered to be “friends and family†for investing purposes.
Some financially astute group from Evansville should act as the sole manager of the offering.
Downtown Dream LLC should use the net proceeds from the offering for general corporate purposes, which may include, among other things, designing and building a 3 Star hotel in downtown Evansville, IN, financing of ongoing operating expenses and overhead, funding of capital expenditures, and hiring the start-up staff needed to commence operations.
This press release is fictional and was created to make a point and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
A preliminary prospectus supplement related to the offering has not been filed with the SEC but it should be considered by ardent supporters of the downtown hotel project. Electronic copies of the preliminary prospectus relating to these securities may be obtained, when available, by contacting whoever steps forward to make this a reality
About Downtown Dream LLC
Downtown Dream LLC is a start-up organization made up of the movers and shakers of Evansville, IN and other people who have advocated in the past for public dollars to be utilized to fund a downtown convention hotel. The company is headquartered in Evansville, IN.
Some of the information in this press release may contain “forward-looking statements†that are based on current expectations, estimates, beliefs, assumptions and projections about ’ Downtown Dream LLC’s business. Words such as â€projectsâ€, “expects,†“anticipates,†“intends,†“plans,†“believes,†“seeks,†“estimates†and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict and which may cause actual outcomes and results to differ materially from what is expressed or forecasted in such forward-looking statements. These forward-looking statements speak only as of the date on which they are made, and Downtown Dream LLC does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. If Downtown Dream LLC does update or correct one or more forward-looking statements, you should not conclude that Downtown Dream LLC will make additional updates or corrections with respect thereto or with respect to other forward-looking statements. Except where the context otherwise requires, in this press release, the “Company,†Downtown Dream LLC “,†“we,†“us†and “our†refer to , Downtown Dream LLC, an Indiana Limited Liability Corporation that should be formed for the purpose advancing the ambitions of the Citizens of Evansville for Progress on a Downtown Convention Hotel with their own private investment and sparing the people of Evansville who do not wish to make this investment the burden of any debt or operating losses that Downtown Dream LLC may incur.
Contact:
Downtown Dream LLC
Names, Websites, emails, and phone number to be designated at a later date.
1) Why would the elites ‘put their money where their mouth is’ when they can just get the public to cover their mark ?; and
2) A poster in C&P pointed out the Debt on The Centre is just $ 13 Million, and took Rob Hunden to school re: giving a $ 37 Million subsidy in order to Save The Centre.
My advice:
a) Use $ 13 Million of the proposed $ 37 Million subsidy to payoff the Centre’s Debt, and thus release the Food & Beverage Tax from that facility;
b) Stick the remaining $ 24 Million of the Subsidy in the City’s Rainy Day Fund;
c) Tear down the Centre, eliminate the Operating Losses, and make parking for Arena;
d) Hope we get the IU Medical Center, and that private investment will gladly build multiple hotels to support a large facility; and
e) If IU Med doesn’t come to pass, see (b) for potential relief, if project is made viable.
Monster IIT. Heres a chance for the rich and elite of Evansville to put up or shut up! Can’t to see if Ed Hafer and his Evansville Regional Business Committee announces that they are going to privately fund this hotel project.
Unbelievably brilliant idea CCO. One would think that Evansville would have someone around town who would have thought this through several years ago. Is everything there now up to the taxpayers to pay for?
Here’s an idea.
How about companies like the perpetual motion scam that was going to be headquartered at Whirlpool , the water meter,or whatever, scam company, or any of the other myriad scamsters that get big city backing, get together and REALLY scam Evansville ?
They could build a gigantic hotel , 3 thousand rooms !
A place for grifters to call home!
Evansville could be scam central!
A one stop shop for confidence-men , 3 card Monte dealers, pay day loan originators , Brooklyn Bridge Realtors…
OH! the list is endless.
There could be seminars, symposiums, huge meetings with all the swindlers in attendance.
We should get behind this.
I’m sure the city leaders would agree!
How about a billboard in Chicago simply saying “Evansville, Blonde and Easy”. That will bring in tourism in droves.
LOL! Yep and if the event planners said we needed a water park/amusment park I’m sure the mayor and City Council would jump right on it. Heck if $38M will creat 250 jobs why not borrow $500M and create River Bend water park or Winneke World or Weinzapful World or whatever you want to call it.
Labor would be behind it, we would need plumbers, pipefitters, carpenters, boilermakers, electricians and on and on.
Heck since the Mayor has decided that we should be in the convention business let’s buy a whole shatload of sand from Mulzer and build a beach on the Ohio and get in the Spring Break business too!
We’ll call it Wet ‘n Wild Evansville!
You know, cuz we’re such a destination city.
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