More debt for the city and taxpayers.

http://www.indystar.com/apps/pbcs.dll/article?AID=/20080430/NEWS05/804300523/1310/ARCHIVE
The city's rebounding credit rating led to favorable interest rates as Mayor Greg Ballard's administration finished its first major bond sale this week.

The city's Bond Bank, which finances major infrastructure projects, sold $59 million in municipal bonds to fund construction of a major hotel complex next to the expanding Indiana Convention Center in Downtown.

The $425-million project to build a 1,000-room JW Marriott Hotel and three smaller hotels is expected to break ground on May 29. The city is kicking in $48.5 million for infrastructure improvements, including a parking garage and walkway to the convention center.
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Some you might be surprise that I do not agree with Mayor Ballard on this. This city is 5.7 BILLION in debt. Why are we still borrowing money that the taxpayers will have to someday pay back? I know the thinking is how much money is going to come into the city in the next few years with the completion of the new stadium. But will that money be put on the debt incurred or will the little taxpayers like you and me be the ones who will have to suffer again paying all these bonds? Where is all this borrowing and spending going to stop?