IS IT TRUE August 27, 2013

IS IT TRUE we would like to start out today by addressing the many individual instances of unacceptable behavior by certain officers of the Evansville Police Department cited in last night’s City Council meeting?…that in any situation where maintaining excellence or planned improvement is the goal that the most valuable information that can be used to move closer and closer to perfection is NEGATIVE FEEDBACK?…the group of people who came forward to describe the small percentage of police actions that were absolutely disgusting are presenting the EPD with a golden opportunity to improve?…in spite of being the bearer of bad news many of the people who have been wronged expressed a love for Evansville and a commitment to make it a better place?…City Council President Connie Robinson and Reverend Adrian Brooks provided passion, leadership, and wise guidance to both the members of this community that expressed discontentment with the treatment of African Americans by the EPD and to the EPD itself on how to show respect and conduct civil discourse?…the City County Observer hopes and encourages all of our readership to strive everyday to be a little better and to provide the feedback that will enable all of our leaders to do things better?…some will not accept it but the CCO strives to be that feedback sensor that provides the negative feedback that can be used to improve the public policies of local government?…that we respect and salute Councilwoman Robinson, Reverend Brooks, and the other speakers for their willingness to provide negative feedback in a way that we hope makes Evansville a better place to live?

IS IT TRUE in the spirit of being respectful and following the order of when to speak President Robinson gave Councilman Weaver the admonishment that he should have gotten a year ago over interjecting his ego driven snippets when it was not his turn to talk?…President Robinson did apologize later for breaking protocol which is more than Weaver has ever done for his bad habit of continuously interrupting?

IS IT TRUE that in a letter to the editor of the Courier and Press one of the starry eyed but aging nostalgists who are lining up to support a publicly funded hotel like it was a social security check or Medicare opined that “We also need more cabaret venues like the original Executive Inn used to have!”?…the CCO is mostly at or nearing retirement age and not a one of us has been to a cabaret?…other than the old song Cabaret most if the people of Evansville have never even heard the word?…another on the Facebook page supporting the $37.5 Million bribe is pining for “big festivals like we used to have?…if there is anything that has been surprising about the debate over the public gift to support the hotel project it is the dominance of older people among the supporters of such government largesse and the dominance of the younger demographic who openly think a hotel is a good idea but do not want to see the developer paid a bribe to do the job?…it is almost as if the people who support the hand-out will be retired and on the public dole before the bills come due and the kids know it and do not want another transfer of generational wealth to entertain the elderly?…we do not know if other cities that have held this discussion have taken sides by age but it is an interesting observation never the less?

IS IT TRUE some of the discussions about the gift to assist this project have begun to cross the line into rudeness, meanness, and downright degrading statements?…while the number of people crossing the line into personal nastiness is quite small it is a disturbing trend none the less?…the City County Observer would like to remind the people who are passionate about both sides of this project that you all seem to agree that a hotel is the highest and best use of that empty lot where the Executive Inn once stood?…the source of all of the disagreement is over whether or not the City of Evansville should give the developer taxpayer dollars to fund a private enterprise?…the two sides have a bit of common ground on which to start and should keep it a civil discussion?…if the Office of the Mayor or HCW would release a detailed business plan and the rest of the documents that make up a standard loan or grant application that Councilman John Friend asked for 2 weeks ago, perhaps people on both sides could dig into the information and dispense with the mean spirit that is being pushed by a few people?…this information is also vital to a real move to sell shares in a hotel develops as it should?

IS IT TRUE when hit with pointed questions in a written forum on investment value the supporters of this project seem to quickly dispense with analysis or logic and pull out phrases like “we need it”, “quality of life will be better”, “it will raise civic pride”, or the most senseless platitude of all “we deserve it”?…while these sorts of things make good brochure bullets for the CVB or the Chamber of Commerce these worn out cliché’s have no place in a discussion about any investment of any kind?…such words in an investment pitch are reserved for timeshare condos, beachfront property in Nebraska, perpetual motion schemes, or even energy scams as we have been treated to in the very recent past?…if some creative thinking outside the box were to occur it is entirely possible that some paper may be put together that could make this attractive to private investors who are somewhat socially driven?…the people of Evansville who support the giving away of public money should seriously make this hotel become a reality with their own private investments?…sure, the investment of $42 Million would only have an intrinsic initial value of $20 Million as has been documented by the CCO, but at some point in the young adulthood of the supporters companies like Apple, Microsoft, Oracle, and the list goes on were selling stock to their ardent supporters when they had ZERO OR NEGATIVE VALUE?

IS IT TRUE a stock offering of 1 Million shares at $50 dollars a share (need some early days operating expenses) to construct this hotel could be and should be the mechanism by which this gets done?…if the gallery of older but richer people who support this project in its present form cannot muster $50 Million between them, given their evangelical support and irrationally exuberant claims of future successes then they truly do not “DESERVE” this hotel at all?…the worse that can happen is that they lose half of their investment which happens all day everyday in the real world of investing?

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 ”projects”, “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.