IS IT TRUE we were taken aback by yesterdays CCO Blogger Pressanykey post concerning the proposed funding sources the IU Medical School-Evansville? Â …Pressanykey post caught our attention and specks for itself? Â …below is his post in yesterdays CCO for your review?
Pressanykey
Jan 1, 2016 at 11:14 am
“Out with the old and in with the new†is certainly what is taking place where the original financial figures for the IU Medical School component of the Regional Cities, Southwestern Indiana grant is concerned. Below are the figures used by Wathen and his team in their proposal:
The IU School of Medicine project is being financed with funding from the following sources:
City of Evansville (tax increment financing) $47,000,000.
City of Evansville (green infrastructure) $3,000,000.
Indiana General Assembly (IU and USI) $25,200,000.
University of Evansville $6,000,000.
Total: $81,200,000.
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In today’s Evansville Courier&Press, January 1, 2016, front page above the fold, reporter Susan Orr states the figures quite differently for the IU Med School:
$112,100,000. Public funding
$62,500,000. Private funding
$9,000,000. Regional Cities Grant funds
$183,600,000. Total
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That $9. million in Regional Cities seed money is going to take a lot of extra watering to bring the IU Med Center campus into bloom, and as one can see, most of that “water†comes from the public in the form of tax dollars.
Here is the original Southwestern Indiana RDA development plan application used to secure the grant money:
Every local taxpayer needs to look at this document and understand just what this will cost you, your children, and their children.
EDITORS FOOTNOTE: Please refer to page 63 of this report.
