Mirror Indy | Indy Star: Brad Chambers’ company received ‘bailout’ from Indy after missing loan repayment deadline
Indiana gubernatorial candidate Brad Chambers, the founder and CEO of Buckingham Companies, has twice missed paying back loans for a project he built that included luxury housing. According to Mirror Indy and the Indy Star, Chambers’ company owes Indianapolis residents $69 million.
From the article:
This was an exceptionally generous incentive deal,” Greg LeRoy, executive director of Washington, D.C.-based economic development accountability group Good Jobs First, told IndyStar and Mirror Indy this week. “This is not gap financing. … That should give the government a great deal of authority in enforcing the terms.”
Read the full story at Mirror Indy.