I hope to never see an Indy writer use as coarse and offensive a construction as "libtard" again. To insult anyone, even the likes of Dick Cheney, by reference to a developmental disability is beneath this publication.
I'm torn on the issue myself, but by any reasonable calculation that deal is for far, far less than the $35 million that even the city thinks it's worth. It's all about the discount rate, which is in turn all about the state's cost of capital. The 12-month average interest rate on state 20-year general obligation bonds is 3.87%. If you used that as the discount rate, the deal is worth $17.3 million, or just half of the appraised value.
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