Super Bowl Opportunities for Commercial Real Estate

May 5th, 2010

Last month I attended the quarterly luncheon for IndyCREW.  The speaker was Allison Melangton, the President and CEO of the Indianapolis Super Bowl Host Committee.

While her updates on what is, and what will be happening around Indianapolis over the next couple of years were interesting, one thing that she mentioned really caught my attention.

The Super Bowl is not just a one day event.  The events and parties will run about 10 days.  Think about the possibilities of having thousands of people in our city for that length of time.

How does that relate to Commercial Real Estate?  They have to have space for all of those events and parties.  The current event space available isn’t even close to enough space to handle the number of events that will be taking place.

Allison said as the event gets closer they will be looking at ALL available vacant space around the city so they connect the event planners to them. Here is the link to the 2012 Super Bowl site

It may not be a long term lease, but who knows.  Your space or your client’s space may be chosen for the 2012 Nike or Victoria Secret party.  Not a bad claim to fame as you continue to market the property.

The Pink Paper!

May 4th, 2010

There seems to be a lot of confusion about the mysterious “pink paper” that was included in the tax bills recently mailed to taxpayers. To complicate it even further there also seems to be a rumor circulating that the forms needed to be filed by April 30th of this year, or homeowners would lose their Homestead Deduction.

Here are the facts around the “pink paper.”

1. The form has a name. It’s the Homestead Verification Form.

2. Home owners have until January 1, 2013 to file the form. If the form is not filed by then they will lose the deduction.

3. It is necessary to re-file for the deduction because there is a statewide database being created to help prevent fraud.

4. You can file the form at any time. If you did not get the form click on this link to find it.

5. If you do not have the Homestead Deduction right now – DO NOT WAIT. If you file the form by the end of the year it will affect your 2010 pay 2011 tax bill in a positive way.

Still have questions? Contact us and we’ll try to answer them for you.