As you may remember, a proposed plan in front of the Council hands Angie’s List an $18.5 million shot in the arm and will allow the company to buy the old Ford plant and build a 500-car parking garage. The promise from the company is 1,000 new or relocated jobs to Indianapolis by 2019.
This is the second time that the proposal passed through the Metropolitan and Economic Development Committee., the full council sent the proposal back to committee at its March 2 meeting. Final adoption of the Angie’s List proposal could come as early as the March 30 full Council meeting.
It’s true that Indianapolis struggles to find good economic development projects outside of the mile square and especially in areas like the Near-Eastside. With that said, we cannot have an “any port in a storm” mentality when it comes to vetting these deals. Angie’s List, by its own performance, has left a number of questions as to whether it can or ever will live up to its end of the bargain. I have no doubt that the organization is solvent and isn’t about to go under, but how can we trust a company that has rarely turned a profit and just reduced its workforce by 97 jobs in August?
I just think it's too questionable.