IS IT TRUE? August 11, 2011 Special Evening Edition
IS IT TRUE that there is much speculation that a decision will be made with respect to the winning bidder for the hotel next to the arena tomorrow followed by an announcement on Tuesday?…that the City County Observer believes that such speculation is without merit because there has not been any time to do a full vetting and make a competent recommendation since last Friday when the choice of London Witte was announced?…that this vetting process desperately needs to be seen as fair and objective by the people of Evansville and in particular by the media of Evansville?
IS IT TRUE that Sara Miller who is an appointed member of the Evansville Redevelopment Commission is also a Vice President of Commercial Lending at Old National Bank?…that Ms. Miller in her role of making recommendations on commercial loans has access to all of the state of the art tools and analysis packages used to qualify or disqualify her applicants and their projects as credit worthy?…that one of the tools that Ms. Miller has at her disposal is the ability to pull a Dun & Bradstreet report on both the Kunkel Group and Prime Lodging along with any predecessor companies that may be applicable such as Verville Construction?…that the City County Observer challenges Ms. Miller to do exactly that and to make those Dun & Bradstreet reports available to each and every member of the ERC in Executive Session?…that this step should have been taken already so that if there are any red flags associated with payments or terms they would already be identified?
IS IT TRUE that ERC Commissioner Greg Elpers is out of town and will not be in attendance at tomorrow’s meeting?…that as a licensed CPA in a prestigious firm that Mr. Elpers should be using the skills and tools that are available to him in his day job to better serve the people of Evansville in the politically appointed position that he willfully accepted?
IS IT TRUE that the other item that may be on the ERC docket tomorrow is the latest casualty of a lack of planning and that is the Evansville IceMen’s status with respect to the new Arena?…that the IceMen are scheduled in the pro-forma developed specifically for the Arena to be a full 28% of all of the events that will be there in any given year?…that once again it seems as though the intention of the Arena management is to force unfavorable terms down the throat of the prime tenant of the Arena?…that it has been reported that under the terms offered by the City of Evansville that the IceMen will have to sell 3,500 tickets per game to break even?…that the IceMen have never ever drawn more than about 1,900 to a home game at Swonder and typically draw about 1,200 at a very affordable price of $7 per ticket?
IS IT TRUE that to force a situation that requires 300% growth on day one to break even is oppressive and irresponsible on the part of the Arena management?…that as the City County Observer published last week that a deal for the City of Evansville to get $2 per ticket with no limits would be both fair and equitable?…that the City could actually come out very well in such an arrangement if the Arena is really the draw that it has been alleged to be?