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Dear Editor:
Not long ago, the financial wizards at Carmel City Hall paid $455,000 for the second-floor office space for its redevelopment commission.
Now, the city councilors are mulling buying the second floor for $1.5 million.
Does that mean that, in a few years, the redevelopment commission will buy it back for $3 million? Then $6 million a few years after that?
At that rate, the profits alone will surely pay off the city’s $1.4 billion debt.
If you believe that, how are you on the Tooth Fairy?
Bill Shaffer
Carmel