The Herald Bulletin

Afternoon Update

Opinion

April 28, 2013

Jesse J. Wilkerson: What about an IPO for Mounds Lake?

ANDERSON, Ind. — An Initial Public Offering is a tool by which businesses go public and oftentimes used primarily to effectively grow or raise capital. A few years ago, when I started the movie project on former Mr. Basketball Kojak Fuller, I approached the state offices about obtaining models of how to properly structure an IPO. The idea was to generate a project by which local citizens could invest/ purchase shares at the ground level.

In the case of the movie project, it was my intent to create a movie, but instead of viewing the movie as only a movie I viewed it laterally as a business. This allowed me to adopt a traditional measure of business in seeking to establish an IPO. Something I would have never considered had I remained in the more common practice approach of developing a movie.

Though the research and fact finding has only begun, there seems to be an overall acceptance of what “most” see as an advantage opportunity for our community in the reservoir proposal. I have even lightheartedly joked with some that we have turned on the water hose at the house to see if we could help fill the reservoir any faster.

In real time, I think there are those who are more apt to be able to effectively communicate how this can be done logistically. My goal is not actually to have you bite on this idea, but to hopefully spark a thought in those who might be more versed in this area who can in fact draw out of this idea a more plausible construct by which citizens can have a piece of the pie.

How many thousands of people would it take to collectively fund a project like this if it went public?  The Green Bay Packers emailed me their IPO and stock option package several years ago. It was interesting to note that for your investment ($250 per share) you get a piece of paper (certificate) that states you are a share holder with no voting rights and no trade value. For many, it was the pride of saying they owned stock in the Green Bay Packers. The investment model engaged by the team helped to monetize the investments of private investors and kept the team local.

Imagine if you will the city of Green Bay without the football team. The team’s presence plays such a large role in their local economy. Is there a return on something like this for investment other than collective input into raising the quality of life? Maybe we don’t package an IPO for people all over the country to purchase shares. Maybe offer shares after we throw in Athletic Park, the Wigwam, the lake proposal and a few other developments and work at creating a new destination place for central Indiana.

Jesse J. Wilkerson is the principal of the local architecture firm Jesse J. Wilkerson & Associates. His column appears every other Monday on the Business page.

1
Text Only
Opinion
  • Editorial: Health center problem could have been avoided The lives and reputations of three healthcare professionals have been ruined by mismanagement at the Madison County Community Health Center. It could have been avoided.

    July 22, 2014

  • Bannon, Tom Viewpoint: Paramount is an investment that is paying dividends About 25 years ago the citizens of Anderson made a decision that would have a long lasting impact on the community. Instead of saving the old Paramount Theatre, which had fallen into serious disrepair, it was decided that the easy and prudent decision was to get rid of the building to create additional downtown parking. Shortly after the Paramount came down, the community got rid of another abandoned structure when the old Carnegie Building, which was the former home of the Anderson Public Library, was torn down.

    July 21, 2014 1 Photo

  • You Said It: About the reservoir, immigration and more on the Wigwam Each Monday, The Herald Bulletin publishes “You Said It,” a compilation of readers’ comments from www.theheraldbulletin.com coupled with responses by the newspaper’s editorial board.

    July 21, 2014

  • underwood mug [Duplicate] [Duplicate] Scott Underwood: Colts camp, 4-H fair demand our attention Late July is a busy, exciting time in Madison County. With the school year approaching fast, folks want to savor the long, hot (well, not so hot lately) days of July.

    July 20, 2014 1 Photo

  • Maureen Hayden: Expiring term heightens the urgency of one lawmaker’s mission State Rep. Rebecca Kubacki may have lost the Republican primary to a Tea Party challenger, but the two-term Republican from Kosciusko County is not going away quietly.

    July 20, 2014

  • Indiana State of State-12 [Duplicate] Editorial: State surplus comes at expense of Hoosiers' well-being If Indiana is taking in $59.8 million less – blamed on declines in revenues from the riverboat gambling tax, inheritance tax and individual income tax – and still is able to save $106.8 million, that extra cash isn’t being plucked from a secret forest of money trees.

    July 19, 2014 1 Photo

  • NWS - HB0727 - horse and pony - DK - 266 Editorial: 4-H members have goals, dreams

    This week's Madison County 4-H Fair is an opportunity to showcase area youth. They're proud of their work. Their hopeful of their futures. And they're willing to put their goals and dreams in the public eye.

    July 18, 2014 1 Photo

  • NWS - HB0626 - Shoot - 03 Editorial: License suspension makes sense in Roger Shoot case Some will object when a person accused of a crime is punished by a professional organization before conviction.

    July 17, 2014 1 Photo

  • Letter: Wall Street should not be in politics Talk about corruption, ponzi schemes, we're looking at you, Wall Street, controlling the prices of our food, gasoline and clothing we must buy and about every company in America — while trashing President Obama, the Affordable Health Care Plan, along with every Democrat, to influence our elections, at the same time.

    July 17, 2014

  • Letter: 23 Relay for Life teams raised $40,000 As chairs of this year's American Cancer Society Relay For Life of Madison County, we would like to thank everyone for their generosity and support.

    July 17, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Will you be attending Colts camp?

Yes, at least once
Yes, I plan multiple visits
No
     View Results