20 comments for “Hutt Vs. The City

  1. The Dalai Lemme
    September 8, 2014 at 2:23 pm

    Golf Scramble

  2. September 8, 2014 at 7:47 pm

    Hutt, my dear friend, you tip of my hat to you.

  3. showboat
    September 8, 2014 at 9:08 pm

    I applaud you Mike Hutt.

  4. Earl
    September 8, 2014 at 10:27 pm

    Hutt actually may be on to something. He certainly let it all hang out on this one. This appears to be a deal where someone in Lexington got inside information on this property. If nothing else the suit may require the information to be publicized. One might guess that someone with the Lexington company has a connection with someone in Clark County. Say it’s not so Mr. Obvious! At least Hutt keeps things entertaining and may have to go in hiding on this move. Hopefully it wasn’t sold to the Russian Mob. That would sure make one heck of a news story. Clark county may soon have its own reality show.

  5. Amy
    September 9, 2014 at 7:55 am

    Kentucky business bankruptcy court. 201 Short Street Suite 500 Lexington Kentucky.

  6. Bob Hill
    September 9, 2014 at 8:38 pm

    Hutt is only doing this for personal reasons and nothing else. He has an ax to grind with Moore and nothing else. Just my opinion.

  7. showboat
    September 9, 2014 at 9:09 pm

    Hutt is the man!

  8. 'Hood
    September 13, 2014 at 8:14 am

    The REAL problem and the SAD thing is that NOTHING has been developed
    with those exact parcels in the extended area
    of the entire SOUTHWEST CORNER
    of Spring Street and 10th Street
    to put people to work,
    generating paychecks,
    generating a return on capital investment,
    creating income and wealth,
    nor generating tons of taxes to the guv-mint boys to spend,
    since the original homes
    on the parcels were torn down to make way for I-65…………

    Now, when was that?
    1963 or something?

    Vacant and growing weeds…..
    First impression of Jeffersonville off the interstate….
    That is pretty dern slow……..

  9. 'Hood
    September 13, 2014 at 8:26 am

    GNB Reality Check/Investment Capital Desk

    Someone wisely pointed out,
    that there was NO real demand to utilize the parcels
    and NO interest by any corporations,
    banks, pension funds,
    venture capitalists,
    individuals, etc. ,
    to take on the very high risk
    in investing capital
    for that part of the major intersection.

    NO one wanted it!

    For it to “lay fallow” since the mid-1960’s is waaaay to long…..

  10. 'Hood
    September 13, 2014 at 8:37 am

    GNB Reality Check/Economic Vitality Desk

    It is also noted that the local “Chamber of Commerce” persons,
    whom intend to promote prosperity for the masses,
    also did not get anything done……..

    Those ‘ol boys and wimmens now use the fancy pants handle of
    ONE SOUTHERN INDIANA
    “Chamber and Economic Development”.

    They are dedicated to Jeffersonville’s future prosperity and say:

    Always Improving the Region’s Bottom Line

    “Doing business is all about making connections – connections to current and potential customers, ideas, and funding. From Indianapolis down to Frankfort, One Southern Indiana is the connector for businesses throughout the region (Louisville and Southern Indiana metro areas) and is driven to provide tailored growth strategies and solutions that help businesses expand regionally and succeed in today’s global economy.”

    Give them a call and see what they are doing to help get this project started:
    Phone: (812) 945-0266.
    http://www.1si.org/
    They are there everyday working to promote Southern Indiana.

  11. 'Hood
    September 13, 2014 at 8:55 am

    GNB Capital Risk Desk

    Experienced real estate professionals,
    bankers who make real estate investment loans,
    persons who make economic utilization evaluations,
    and property appraisers,
    will tell you that ANY parcel or combination of parcels is really only worth what someone is willing to pay for it TODAY.

    Demand rules.
    Bottom line.

    In the real world, NO actual real demand has existed
    for anyone to take on such high risk
    and bundle those properties
    and make a substantial investment.
    That has been evident over a very long time
    for that location.
    That is the SAD bottom line ECONOMIC R E A L I T Y …….

    It can be appraised looking at “comparable properties”
    with other interstate location access,
    for a POSSIBLE “worth” or “evaluation”.
    That is an educated opinion from the appraiser
    based on certain criteria.

    But it is ONLY really worth what someone is willing to pay for it
    and then risk capital investment
    to develop it to put people to work earning a pay check and generating a return on the entire investment.

  12. 'Hood
    September 13, 2014 at 9:02 am

    GNB Economic Downturn/Recession Desk

    Since the major economic recession/downturn,
    that has been hounding the USA,
    many lending institutions
    will NOT loan money on vacant ground
    and have carried much vacant ground on their portfolios
    as have a “zero current value”.

    That has been due to a seriously reduced demand quotient .
    Sad, but true.

  13. 'Hood
    September 13, 2014 at 9:15 am

    GNB Reality Check/Investment Capital Desk

    A sage pointed out,
    I think on the dern rival CCC,
    that many Jeffersonville mayors,
    their trusted allies, and economic development departments
    have tried to generate interest the area for a LONG time.

    Many of the parcels were originally acquired in the mid-1960’s !
    Others have become available with efforts by later mayors.

    Serious and concerned efforts
    were made by all of these mayors:

    Richard Vissing.
    Dale Orem.
    Buddy Parker.
    Tom Galligan.
    Bob Waiz.
    Tom Galligan.
    Mike Moore.

    1964-2014…….
    50 years…….

  14. 'Hood
    September 13, 2014 at 9:18 am

    Question for the economists reading the vaunted GAW Economic News:

    What would have been the amazing benefit
    to the Clark County economy if a similar
    entire proposed project
    had been built
    in say 1964…….?

    Look up what is called
    the economic benefit of the “velocity of the turnover in money”
    in a local economy……

    Astounding what has been missed.
    Jeffersonville and Clark County need
    to implemented development
    to assist future prosperity.
    Muy pronto !

  15. 'Hood
    September 13, 2014 at 9:22 am

    GAW News Bureau Economic Education Symposium

    Thank you for your attention and patience
    in the reading
    the GGB’s vaunted econ ed !

    Shea Van Hoy/N-T, and others:

    Dudes, are you listening”
    Time to act!

  16. Earl
    September 13, 2014 at 1:42 pm

    This is all over my head.

  17. Southern Belle
    September 13, 2014 at 6:53 pm

    I will have to say that information
    is very detailed
    and informative.
    Thank you!

    Looks like it is high time to actually build something at that site.

    I wonder if the N-T will begin helping to promote Jeffersonville’s growth
    in that “southwest corner” of 10th and Spring
    a.k.a. the “middle area” of Spring Street,
    between the downtown/walking bridge area
    and
    the hospital/healthcare
    corridor?

    Wayne Estopinal,
    the successful and noted Jeffersonville architect,
    has TWO very nice buildings
    developed between 9th and 10th Streets already.
    Hats off to Wayne!

    There is also
    the development of the parcels fronting on 10th
    back from the Quadrangle
    and behind the Auto Zone area.
    There is additional PRIVATE investment planned
    for the Industrial Nightmare buildings.

    Maybe a New York Union’s
    wealthy pension fund is interested
    in investing? 🙂

    It looks like
    Mayor Mike Moore
    and David Julius
    and Tom Galligan
    and Rob Waiz
    are all on board for this 1-2-3 plan
    to greatly improve the economic vitality
    of that part of Jeffersonville.
    Good job dudes!

  18. I don't do that
    September 13, 2014 at 10:46 pm

    Hood said it best. The combined land tracts are only worth what a qualified developer is willing to pay. When you look at already developed gateways as comparisons, they are only there and at those prices because some brave developer was willing to take the risk to make something happen.

    You can’t apply regular credit reputation expectations to developers. Look at Donald Trump – and I don’t mean his hair. I could name a number of local legend developers who have experienced economic failures as well as successes. Developers fly in a zone far above the market trend. They look into the future, and take chances that would give the rest of us heart attacks. Yes, they will at some point in their careers experience supreme failures, but unless they were willing to take the risk, the rest of us would never benefit from their extreme successes. Those successes are what we count on for economic growth and stability in our communities.

    Recognize the need for people who can see the big picture and are willing to stake their own money and reputations on it. Gnats get in the way and are meant to be swatted.

  19. 'Hood
    September 13, 2014 at 11:12 pm

    G-Dude, thanks for the bump!
    G ROCKS!

    The Kelley School of Business
    is a top ranked business school of Indiana University
    Bloomington in Indiana, United States.

    Kelley has historically been ranked as one of the elite business schools in the country by BusinessWeek, U.S. News & World Report, The Economist Intelligence Unit, and other business news outlets. The undergraduate program has recently been ranked #8 in the nation by BusinessWeek. Alumni from the Kelley school hold leadership positions in for-profit, nonprofit, governmental, and academic institutions around the world.

    http://upload.wikimedia.org/wikipedia/commons/thumb/6/64/KelleySchoolofBusiness.jpg/420px-KelleySchoolofBusiness.jpg

  20. Lono, Curse of
    September 13, 2014 at 11:23 pm

    Bloomberg BusinessWeek
    ranked it at #4
    among all public universities.
    Its top-ranked MBA program
    for full-time residential students
    has been cited in Business Week
    as one of the favorites of corporate recruiters
    looking for general managers,
    marketing talent,
    and finance graduates.

    The Bro G is one SMART Journalism/Business
    ‘3.000 year old reporting manager WARRIOR dude’
    to have such a great
    GNB business section
    of this caliber.
    Jeffersonville should pay heed.
    ‘Toons rock!
    : )

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