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From YouTube: Bloomington Urban Enterprise Association, May 10, 2023
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A
Welcome
to
this
meeting
of
the
Bloomington
Urban
Enterprise
Association
May
10th
of
2023.,
since
we
have
people
online,
we'll
be
doing
everything
by
roll
call
votes.
Just
so
everybody
knows
so
anyway,
but
thanks
everybody
for
being
here,
we'll
start
with
roll
call,
Paul
Paul.
A
G
A
A
You
second
first
and
a
second
roll
call
vote
Paul.
B
J
A
C
Yeah,
so
I
am
still
on
the
Trek
to
get
a
response
from
my
Sports
Locker.
As
far
as
there
are
F
loans,
I
have
emailed
repeatedly
I've
called
multiple
times
I've
made
I've
made
one
visit
and
I've
attempted
to
make
other
visits,
but
it's
just
not
worked
out
with
business
hours,
unfortunately,
and
I
apologize
for
that
at
this
juncture.
C
As
far
as
the
art
of
loans,
overall
I
am
going
to
have
a
meeting
with
the
controller's
office,
because
we've
had
some
requests
from
some
people
who
have
borrowed
to
either
have
extensions,
or
you
know
some
exceptions
to
be
able
to
repay
their
loans.
Now
everyone
who
has
been
repaying
their
loans
has
been
very
grateful
and
those
who
have
been
having
a
difficult
time
have
every
intention
of
paying
back.
C
They
just
need
a
little
bit
of
assistance,
so
I'm
in
the
process
of
putting
together
a
proposal
and
finishing
that
out
and
making
a
plan
for
these
people,
so
I
think
that
the
best
route
for
this
situation
is
once
I
kind
of
solidify
what
the
city
would
like
to
do
with
the
the
food
and
beverage
Tax
Loans
I
think
that
one
of
the
best,
the
best
move
that
we
can
make
is
the
buea
is
to
mirror
some
of
those
same
practices.
C
A
A
A
C
I
will
say
because
of
the
difficulty
of
contacting
them
and
speaking
to
I
I've
spoken
to
their
general
manager,
who
has
tried
to
make
contact
with
who
I?
Who
I
assume
has
you
know
translated
of
the
urgency
of
this
to
the
owner?
I
think
that
this
is
probably
the
direction
we
need
to
go
at
this
juncture.
I
will
continue
to
try
and
get
and
and
make
contact,
but
I
think.
Yes,
if,
if
we
can't
make
contact
within
a
month
and
I,
think
that
that
the
legal
route
is
probably
the
way
to.
J
A
A
C
I
I
feel
like
when
I
spoke
to
Daryl,
Andrew,
she's,
very
responsive,
and
you
know
she.
There
are
just
certain
policies
that
you
can't
like
do
when
you're
when
you're
an
employee,
it's
like
I
can't
give
out
people's
phone
numbers.
You
know
things
like
that.
C
The
way
that
I
have
been
instructed
to
contact
the
owner
is
by
email.
However,
when
I
emailed
it's
an
automatic
response
back
and
then
it
says
to
call
The
Establishment,
which
I
was
doing
in
the
first
place.
So
it's
a
bit
of
a
run
around
as
far
as
contacting
someone
directly
so
I'm.
A
D
So
so
to
be
clear,
I
think
you
know:
we've
had
a
conversation
about
this
earlier
that
we'll
take
one
crack
one
crack
at
showing
up
and
then
do
it.
I
think
you
know
there
is
this
right:
the
possibility
that,
for
whatever
reason,
it's
not
being
communicated,
but
so
so
take
one
shot
at
the
in
person
to
make
sure
we
button
that
down.
Just
because
it's
pretty
heavy-handed
if
we
can
avoid
doing
it,
but
then
we
go
ahead
and
do
it
I
think
the
but.
C
In
the
office
of
the
mayor
is
reaching
out
to
some
unions
to
help
us
out
with
that,
so
we
are
still
on
that
search
if
any
board
member
does
have
a
recommendation
or
anything
to
that
effect.
I
would
greatly
appreciate
it,
but
know
that
that
is
the
next
position
that
we
are
trying
to
fill
right
now.
This.
C
All
right
all
right,
so
that's
all.
C
I'm
sorry
yeah,
so,
unfortunately
there
was
some
issue
getting
the
financials
corrected
and
there
wasn't
enough
time
to
get
the
correction
done
through
the
office
of
the
controller.
So
Cheryl
will
not
be
here
to
give
the
financial
report.
We
will
look
at
April
and
May's
Financial
reports
in
June.
A
So,
if
that's
all
under
your
reports,
yes,
okay
moving
on
to
new
business
and
we
have
Jane
who
has
joined
us-
the
old
face
new
business
right.
J
H
About
it
will
look
familiar
to
everyone
too,
so
I'm
happy
to
be
here
today
as
the
newly
minted
executive
director
of
cdfi
friendly
Bloomington.
You
all
knew
me
in
this
in
Dee's
role
as
A.D
for
Small
Business
Development
during
pandemic
Mayhem,
and
it's
been
really
exciting
to
transition
over
to
cdfi
Friendly
Bloomington,
which
the
buea
helped
start
up,
both
with
its
sixty
thousand
dollar
kind
of
exploratory
Grant,
which
supported
the
feasibility
study.
And
then
it's
one
million
dollar
contribution
to
the
cdfi
friendlies
Capital
fund.
So
next
slide.
H
Please
cdfis
are
community
development,
financial
institutions,
they're
mission-based
lenders,
I'm,
not
going
to
read,
there's
more
content
here
than
we
need
to
go
through
so
they're
mission-based
lenders,
they're
legal
financing
entities.
They
can
take
a
variety
of
shapes
loan
funds,
Venture
banks,
credit
unions,
Etc
they're,
required
to
provide
technical
assistance
as
part
of
their
certification.
H
So
if
you
go
to
a
cdfi
for
funding
you're
going
to
get
more
support
than
you
would
through
a
bank
banks
will
say
yes
or
no
they've
got
margins
they're
trying
to
manage,
but
their
their
mission
is
not
the
development
aspect,
whereas
cdfis
will
take
time
to
help.
You
become
the
borrower,
Target
markets.
Each
cdfi
has
a
different
identified
target
market.
These
can
be
Geographic
by
low-income
census
track
or
they
can
be
sort
of
what
I
think
of
as
content
area.
H
So
some
cdfis
might
support
only
you
know
school
a
lot
of
them
supported
charter
schools.
In
the
early
days
they
could
do
just
small
business
lending
for
say
minority
borrowers.
They
they
can
specialize
or
maybe
they
only
do
affordable
housing.
They
can
specialize
in
a
variety
of
areas
and
then
the
model
is
that
they're
they're,
profitable,
they're
sustainable
but
they're,
not
profit
maximizing.
H
So
they're
they're
focused
first
on
Mission,
and
then
you
know,
then,
on
profit
next
slide,
just
as
a
little
bit
of
background,
cdfis
grew
out
of
the
1977
Community
reinvestment
act,
which
sought
to
reduce
credit
related
discrimination.
This
was
largely
how
the
federal
government
pushed
back
against
redlining
and
I.
Don't
know
why
I
have
this
next
point
there,
but
wealth
inequality
is
greater
than
income
inequality
in
the
US
and
I,
see
and
I.
Think
cdfi
industry
people
see
capital
investment
as
a
way
to
rebalance
that
wealth
inequality.
H
So
income
is
kind
of
On
Target
to
become
more
appropriately
distributed,
but
wealth
is
still
way
off
base
and
then
cdfis
were
officially
started
in
1994
as
part
of
an
update
to
that
Community
reinvestment
act
and
Mark
Pinsky,
who
was
an
Adina
abramovitz
who
were
our
consultants
in
2018,
were
were
on.
They
were,
they
had
front
seats
at
that
or
they
were
on
stage
really
I.
H
Guess,
if
that's
the
metaphor,
we're
using
so
the
cdfi
fund,
which
provides
Capital
to
cdfis
and
then
also
grants
for
Operational,
Support
and
Technical
Support
has
a
2023
budget
of
331
million
dollars.
So
that
will
be
you
know,
new
capital,
that's
going
out
to
cdfis
and
then
that
other
types
of
organizational
support,
but
the
industry
as
a
whole
is
a
247
billion
dollar
industry.
So
that
means
that
the
1300
cdfis
across
the
country
are
holding
247
billion
dollars
in
assets
that
they
can
use
and
deploy
in
a
variety
of
ways.
H
And
then
the
last
statement
is
my
editorializing,
but
it's
the
truth.
Cdfis
are
economic
Justice
organizations,
many
of
them
have
majority
minority
boards
working
to
correct
long-standing
institutional
bias
in
in
the
financial
world.
Okay,
moving
on,
we
kind
of
talked
about
this
already
I
think
we
can
skip
through
just
that
cdfis
do
a
bunch
of
different
things:
more
than
1300
cdfis
Nationwide,
managing
247
billion
dollars
in
assets,
and
then
there
are
some
stats
about
what
that
has
meant
in
terms
of
jobs,
housing,
small
business
support
and
Community
facilities.
H
H
That
just
means
that
those
markets
are
not
robust
enough
to
support
their
own
cdfi
and
with
the
geographic
distance
it's
hard
for
cdfis
to
know
what's
going
on
in
those
individual
communities.
So
our
mayor,
through
his
background
in
the
cdfi
industry
and
its
connection
with
Mark,
Pinsky
and
Adina
abramovitz,
could
see
that
we
had
an
unmet
need
in
our
community,
but
that
we
were
also
too
small
to
support
our
own
cdfi.
H
So
the
solution
was
to
develop
this
hybrid
organization
a
friendly,
and
so
we
work
to
develop
and
organize
kind
of
organize
our
market
for
our
national
cdfi
partners,
and
also
do
you
do
business
development
and
provide
technical
support
for
our
local
Marketplace.
So
what
that
looks
like
on
the
daily
for
me
is
just
answering
questions
saying:
yes,
do
you?
Do
you
know
about
a
mortgage
product
that
might
work
for
Habitat
to
offload
some
of
its
mortgages?
No,
but
I'll
find
out
it's
it's
right.
Now.
H
It's
very
much
kind
of
a
fun
research
phase
where
there
There
Are,
No,
No's,
I'm,
just
working
to
help
address
Community
need
and
there
aren't
always
yeses
at
the
end,
there
isn't
always
a
loan
to
close,
but
there's
always
an
educational
process
and
there's
also
just
the
tightening
up
of
our
community
organizations.
So
I
really
feel
like
I'm
I'm
only
two
months
in
but
I
feel
like
I'm,
really
helping
be
some
of
that
connective
tissue.
So
the
friendly
model
friendlies
pick
up
where
Banks
leave
off
locally.
H
That
means
that
if
Julie
can't
extend
a
commercial
loan
to
a
small
business,
because
the
model
that
the
business
is
showing
is
not
quite
profitable
enough,
she,
instead
of
just
saying
no
I'm
sorry
I,
can't
help
you
she
can
say.
We
can't
help
you
but
I'd
like
for
you
to
talk
to
Jane
at
cdfi
Friendly.
They
have
access
to
an
entirely
different
network
of
funders
that
can
take
more
risks
than
Banks
can.
H
So
what
happens
is
instead
of
a
no,
that
person
gets
another
resource,
another
ass
or
not
an
asset
necessarily,
but
they
get
another
connection
and
I
can
help
them
either
plug
back
into
that
business
development
Network,
whether
it's
with
Steve
at
sbdc
or
score.
You
know
we
have
a
lot
of
good
resources
or
it's
just
they're,
maybe
ready
to
to
borrow
their
paperwork,
looks
good,
then
I
just
start
taking
them
and
shopping
them
around
to
different
cdfis
friendlies
can
mitigate
risk
to
cost
and
risk
and
cost
to
borrower
through.
H
Enhancement
fund
and
we
can
theoretically
mitigate
some
risk
with
that.
We've
used
it
really
only
in
one
way
and
that
is
co-lending
alongside
cdfis,
so
I'm
not
sure
what
the
next
slide
is,
but
we
can
keep
moving
along
cdfis
because
they
provide
technical
assistance
they
and
they're
already
getting
their
Capital
as
lines
of
credit
through
the
department
of
the
treasury
they're
operating
at
a
certain
number
of
percentage
points
above
Prime,
so
their
lending
rates
are
going
to
be
higher
than
market
rate
and
what
say:
Julie
could
offer
from
the
bank.
H
They
they
do.
This
I'm
sorry
I
lost
totally
lost
my
train
of
thought.
So
this
is
to
say
a
CDF.
I
might
be
able
to
say
yes
to
a
borrower,
but
the
deal
might
look
slightly
less
appealing
to
that
borrower.
So
this
is
where
our
Capital
fund
comes
in.
We
through
the
Bloomington,
Urban
Enterprise
association's
commitment
and
the
rdc's
commitment,
along
with
a
three-way
line
of
credit
from
local
banking
Partners.
We
are
able
to
offer
Capital
alongside
a
cdfi
at
an
artificially
suppressed
rate.
H
So
the
last
loan
that
we
offered
was
at
three
percent
I
think
that
cdfi
it
was
before
credit
started
jumping
this
was
in
February,
so
credit.
So
sorry,
interest
rates
were
a
little
bit
better,
so
the
cdfi
came
in
at
like
seven
and
we
came
in
at
three
and
then
the
borrower
had
a
blended
rate,
so
their
financials
just
worked
really
well.
H
In
that
case,
the
cdfi
didn't
mind,
sharing
the
loan
with
cdfi
friendly,
and
so
that
worked
that
worked
really
well.
So
it's
advantageous
to
the
borrower.
If
cdfi
friendly
can
participate
the
cdfi
friendly
operating
fund,
we
earn
income
through
our
lending
activities.
We
have
local
and
National
Bank
Grant
grants.
We
have
received
state-sponsored
grants
and
that's
ready
with
a
why.
H
So,
during
our
exploratory
phase,
we
received
a
hundred
thousand
dollar
ready
Grant,
but
we
have
not
received
a
ready
with
an
I
Grant,
which
is
a
state
arpa
funding,
and
then
we
have
received
a
federal
cdfi
fund
Grant
from
the
Department
of
the
treasury.
So
our
income
comes
from
a
variety
of
sources,
all
right.
H
This
slide
yeah
4.25
million
dollar
Capital
enhancement
fund
that
has
spurred
24
and
a
half
million
in
cdfi
capital,
Investments
16,
permanent
jobs
created
with
23
cdfi
Investments,
and
then
this
is
kind
of
a
nice
number
to
look
at
too
that
the
total
project
investment
is
54.8
million
for
all
of
those
projects
and
that
led
to
358,
affordable
housing
units
funded.
So
this
is
big
picture
looking
at
direct
lending
and
technical
assistance,
but
the
next
few
slides
are
stories
of
our
direct
lending
activity,
which
is
all
in
the
Enterprise
Zone.
H
So
forgive
this
picture.
This
is
a
work
in
Project.
The
building
looks
really
is
kind
of
a
mess
right
now,
but
this
was
the
Sandy
I
can't
remember
something:
Hometown
insurance
company
building.
So
it's
on
Kirkwood
next
to
the
former
Middle
Way
house,
which
is
also
a
BCL
property
yeah.
So
this
was
a
commercial
building
and
they
are
keeping
one
unit
off
of
Kirkwood
will
remain
commercial
and
then
the
rest
of
it
will
become
12
units
of
Highly,
affordable
housing.
H
H
This
project
was
with
Leaf
local
Enterprise
assistance
fund.
They
lean
they
lend
only
to
cooperatives.
So
again,
the
structure
of
a
Cooperative
is
weird:
the
bank's
going
to
need
a
personal
guarantee.
A
Cooperative
board
is
necessarily
not
going
to
sign
a
personal
guarantee
because
it's
made
up
of
its
members,
and
so
that's
kind
of
where
cooperatives
are
a
little
bit
Niche
and
someone
who
has
legal
expertise
like
Leaf
in
Cooperative
structures
was
really
great.
H
So
if
you
scroll
down
that's
the
newest
project,
this
is
the
preceding
project
with
BCL
and
it
added
18
units
of
Highly,
affordable
housing
to
the
Enterprise
Zone.
This
is
across
from
Reverend
Butler,
Park
I'm
sure
you
guys
have
heard
all
about
it.
It's
exciting
for
a
couple
reasons.
H
It
added
multi-bedroom
units,
so
BCL
has
done
really
well
in
getting
young
people
or
Singletons
to
rent
in
their
properties,
but
with
this
they
feel
like
they
can
diversify
their
tenant
their
occupancy
by
attracting
families,
or
you
don't
have
to
be
like
a
parent
and
child
family.
It
could
be,
you
know,
someone
and
their
caregiver
who
want
to
cohabitate
or
a
an
elderly,
parent
and
and
their
child
who's
caregiving
for
them,
so
average
cost
is
624
dollars
a
month.
H
That
includes
this
will
blow
your
mind,
rent
utilities
and
what
they
call
consumables,
which
ends
up
being
one
meal
a
day
which
is
awesome,
so
they
have
kind
of
a
family
meal
each
night
and
you
you
contribute
through
your
labor
in
some
way
to
The
Cooperative.
So
we
work
with
Hugh
I'm
embarrassed
I'm,
forgetting
his
last
name
right
now,
because
I
just
call
him
Hugh,
but
his
contribution
to
the
co-op
is
handling
some
of
the
real
estate
development
projects.
So
everyone
has
a
role
to
fill
and
then
the
next
one.
H
This
is,
of
course,
a
city
project.
On
the
trades,
District
parking
garage
really
beautiful
project,
it
was
Gap
financing
for
the
artist
who
knew
that
they
had
commission
coming
in
but
needed
to
pay
up
front
for
the
installation.
So
we
partnered
with
sci-fi
out
of
Indianapolis.
It
was
a
smaller
loan,
but
it's
also
in
the
Enterprise
Zone
and
then
the
next
success
story
is
we'll
look
at
his
Kinser
Flats.
H
We
did
not
directly
participate
in
this,
but
we
and
we,
as
Brian
Payne
in
this
case,
participated
in
in
helping
set
up
the
capital
stack
and
just
navigating
that,
with
with
snare
who
are
really
friendly
partners
and
then
the
next
Hugh
Farrell
thanks
Kate
I,
feel
embarrassed
by
that
and
then
Energy
Efficiency
lending
impacts.
H
I
just
wanted
to
highlight
that
we
have
had
significant
partnership
with
the
city
on
other
projects,
so
we
helped
allocate
their
solar
energy
and
efficiency
lending
grants
or
their
initial
two
rounds
of
them
before
they
had
their
amazing
Grant
management.
Software
I
think
we
were
helpful
in
getting
that
out
the
door
and
then
BG
hip.
This
highlights
the
dollars
that
went
out
for
that
programming
and
then
I
just
wanted
to
point
out
that
cdfi
friendly
was
also
involved
in
the
rrf
Loan
program.
H
More
broadly
and
so
cdfi
friendly
helped
with
their
Grant
management
software
through
the
foundation
helped
manage
the
application
process
and
I,
don't
think
they
charged
anything
for
it
and
I
think
it
was
a
lot
of
Labor
so
on
the
city,
Side
Alex
and
I
were
receiving
recommendations
from
cdfi
friendly
Downstream
after
the
applicants
had
already
been
vetted
and
been
through
this
multi-person
review
process.
So
that
was
you
know.
H
And
then
it's
just
my
contact
information
so
where,
where
we
are
now
I
think
is
just
I'm
out
in
the
community
I'm
doing
lots
of
Community
Development
and
Business
Development
work
trying
to
understand
Market
needs.
There
are
lots
of
exciting
projects
that
are
afoot
and
I.
Don't
think
that
I'm
allowed
to
talk
about
them
publicly
because
they
are,
you
know
they're
confidential,
I,
think
until
those
organizations
Grant
approval
for
us
to
talk
about
them,
but
I
will
say:
there's
a
lot
of
activity
in
the
landscape
of
cooperatives,
not
just
related
to
BCL.
H
That
I
think
is
cool.
I
think
it
shows
that
there's
a
different
model
rising
up
in
Bloomington
or
emerging
in
Bloomington
that
people
are
kind
of
seeing
some
of
the
advantages
like
during
this
time
of
insanely
High
credit
wealth
disparity
people
are
kind
of
understanding
how
they
can
harness
the
power
of
cooperatives
in
a
new
way,
so
I
think
it'll
be
exciting
to
see
what
happens
there
and
then
yeah
I
think
just
the
board.
H
Our
board
membership
has
diminished
since
I
left
my
role
last
summer,
and
then
several
people
moved
away
and
I
think
we
are
awaiting
a
recommendation
from
the
Bloomington
Urban
Enterprise
Association
on
who
they
might
like
to
have
represent
them
on
our
board.
So
we're
we're
ready
for
that
when,
when
you
are
just
to
look
forward
to
maybe
increased
communication
or
restored
communication
happy
to
take
questions,
if
you
have
any
yep.
B
Just
a
comment:
the
project
on
9th
Street
Bloomington,
Restorations
Inc
had
looked
at
that
and
it
just
wasn't
their
thing.
It
was
too
big
and
you
know
the
only
thing
they
could
have
done
was
made
at
a
rental
or
something,
and
no
no,
no
they're,
they're
more
into
home
ownership
than
single
family
homes.
Yeah.
A
H
Yeah,
it's
interesting.
That's
a
trend
nationally
right
now
that
I
think
lenders
are
seeing
you
probably
can
attest
to
that.
But
in
a
way
it
makes
CFI
friendly
a
little
more
attractive
because
we
have
this
incredibly
low
interest
enhancement
fund
right
so
and
then
there
are
some
changes
in
the
structure
of
low-income
housing.
Tax
credit
deals
in
Indiana,
where
they're
the
more
challenging
to
attain
nine
percent
deals.
H
Those
have
remained
unchanged
and
then
the
structure
of
the
four
percent
deals
which
were
easier
to
apply
for
and
easier
to
get
those
are
no
longer
being
funded
by
the
state
or
they've
maxed
out
that
fund,
and
so
we're
kind
of
anticipating
more
opportunities
to
support.
What
would
have
been
those
four
percent
lightec
deals
in
affordable
housing
and
that
that
sort
of
project
would
show
up
like
in
Hopewell
and
other
other
areas
like
that
in
Bloomington,
not
that
there
are
other
hopewells,
but
that
type
of
opportunity.
H
Of
responsible
for
so
we
support
the
Indiana
Uplands
region,
which
is
an
11
County
region,
plus
Morgan
and
Martin
counties.
So
that's
Martinsville
and
Seymour,
and
it's
interesting
I
have
kind
of
been
just
trying
to
tackle
this
from
Bloomington
and
radiate
out
outward,
but
I
think
it's
it's
going
to
be
slower
to
have
more
activity
sure
out
there
yeah,
but
we're
empowered
to
support
that
that
full
region
and
then
we
have
you,
know
some
restrictions
on
our
Capital
fund.
Obviously
so.
E
H
Haven't
stated
that
as
a
goal,
I
think
I
wanted
to
point
that
out,
because
in
Bloomington,
where
we're
supporting
largely
small
business
and
affordable
housing
projects
and
we're
in
an
area
where
our
demographics
are
are
not
majority
minority
it
just
it.
The
makeup
of
our
group.
That's
attracting
cdfi
investment
looks
a
lot
different
than
if
you're
talking
to
a
cdfi,
even
in
Indianapolis
or
Chicago
and
I.
Think
that
the
other
thing
that's
important
about
that
is
that
cdfis
in
these
other
markets
are
very
much
seen
as
Community
Partners
they're
they're
they're
in
their
communities.
H
E
One
more
question:
yeah
I,
think
Brian
started
the
process
of
becoming
a
full-fledged
cdfi.
Can
you
talk
about
where
that
stands.
H
Yeah,
so
we
received
a
grant
from
the
treasury
that
was
called
a
technical
assistance
grant
and
the
purpose
of
that
grant
funding
is
to
support
operations
while
you're
investigating
or
pursuing
cdfi
status,
and
so
we're
in
we're
eligible
for
two
rounds
of
that
we'll
be
applying
for
a
second
round
of
that
funding.
H
As
early
as
this
fall
and
technically
the
board
has
not
officially
up
or
down
voted
that
decision
yet.
But
it
looks
very
much
to
me
like
we
will
pursue
that
I
think
there's
support
from
the
majority
of
board
members,
so.
H
Well,
it
would
be
interesting,
so
it
would
allow
us
right
now
we're
just
kind
of
where
this
hybrid
organization,
where
we're,
because
we're
not
certified
we're
not
eligible
for
any
funding
from
the
treasury,
except
the
technical
assistance
grant
and
we're
only
eligible
for
two
rounds
of
that.
So
if
we
became
a
cdfi,
we
could
potentially
attract
more
capital
from
the
treasury
and
deploy
that
in
our
region.
H
We
could
do
that
while
maintaining
our
sort
of
structural
restriction
in
that
we
could
still
do
that
and
only
co-lend
with
cdfis,
but
it
would
I
think
provide
us
more
flexibility
in
how
we
do
the
things
that
we've
described
and
that's
just
attracting
cdfi
investment.
H
And
then
there
are
other
other
things
that
pop
up
that
I
think
we
could
manage.
Like
pretend
we
pretend
cdfi
friendly
was
a
cdfi
and
surprise.
We
entered
a
state
of
total
Global
pandemic
and
needed
to
disperse
an
Emergency
Loan
Fund
to
our
local
small
businesses,
see
if
I
friendly
would
have
been
equipped
to
just
manage
that
process
from
top
to
bottom,
with
Community
Support,
whereas
I
think
where
we
were
with
that
was
that
we
had
to
invent
it
as
we
went
and
piece
it
together
and
there's
no
Loan
Servicing
in
place.
H
D
It
also
Bears
restating
that
this
concept
is
incredibly
Innovative
right,
that
we
literally
invented
it
in
Bloomington.
It's
become
something
that
other
Indiana
communities
have
picked
up
on
and
it's
also
becoming
a
national
Trend
right.
So
the
early
investment
that
the
buea
made,
which,
which
was
a
huge
you
know,
lift
for
us,
has
really
kind
of
spawned.
D
This
I
mean
it
it's
sort
of
being
validated
not
only
by
the
stuff
that
that
has
happened
locally,
which
is
a
really
important
aspect
of
this,
because
that's
what
we're
interested
in,
but
it's
also
validated
the
model
by
virtue
of
of
this
model
being
being
activated
nationally.
So
you
know
I
think
that
that's
that's
pretty
cool
to
have
sort
of
launch
this
kind
of
thing
here
and.
H
I
know
I
sat
on
this
board
when
we
decided
to
fund
that
initial
exploratory
Grant
not
to
go
on
too
long.
I
know
you
guys
have
other
things
to
talk
about,
but
and
I
think
Julie
you
and
I
were
just
we
were.
We
were
we
weren't
skeptical,
but
we
were
being
cautious
and
we
kind
of
were
maybe
a
little
more
hesitant
in
moving
a
little
more
slowly
than
than
others
and
I.
H
Think
part
of
that
was
because
we're
operating
only
from
the
Bloomington
context
and
it's
really
hard
to
see
what's
happening
nationally,
and
is
this
really
as
meaningful
as
as
is
being
described
to
us
and
I,
have
to
say
it's
been
really
interesting
to
see
how
much
Mark,
pinsky's
advocacy
really
means
on
a
national
level,
for
example,
just
looking
for
Consumer
mortgages
or
a
flexible
consumer
mortgage
project
for
a
specific
or
flexible
consumer
mortgage
product
for
a
specific
research
project,
Edina
email
connected
me
like
half
a
sentence
to
somebody
in
California
and
then
all
of
a
sudden.
H
This
guy
is
like
well,
I,
don't
know
if
this,
if
we
can
meet
your
needs,
but
if
penske's
behind
this
I'm
on
board.
Let
me
connect
you
to
my
network
and
then
it's
just
like
a
little
like
fire
like
a
firework
going
off,
then
all
of
a
sudden
there's
there
are
seven
connections
radiating
out
of
that.
One
introduction
and
different
cdfis
have
different
ways
of
tackling
the
problem
solving.
So
it's
been
really
interesting
and
I.
Think
Brian
communicated
this
stuff,
but
I
definitely
didn't
personally.
H
You
go
well
and
it's
been
a
good
thing,
I
think
so.
Yeah
and
I
think
there
is
more
more
to
come.
I
think
that
we've
figured
out
how
to
handle
a
couple
different
types
of
projects,
some
large-scale,
affordable
housing
working
with
BCL,
which
I
could
go
on
and
on
about
why
that
is
cool
and
important,
but
I
I
think
that
as
I
learned,
the
industry
and
as
I
hear
about
more
Market
need
we're
just
going
to
continue
evolving
new
Solutions
and
new
ways
of
supporting
Bloomington
in
the
region.
E
C
So
next
up
we
have
a
presentation
and
a
sponsorship
request
from
little
Bub's,
big
fun,
small
and
mighty
concert
series,
and
we
have
to
prove
from
that
program
here
with
us.
So
I
don't
know
yeah.
If
you
can
go
to
the
next,
so
we
can.
We
can
hear
you
foreign.
G
My
name
is
Mike
brodovsky
a
little
bit
about
myself,
I've
moved
to
Bloomington
1998
to
go
to
school
and
somehow
I
still
live
here.
24
five,
six
years
later,
so
I
own
Russian,
recording
studios,
we
are
celebrating
our
20-year
anniversary.
G
I'm
also
was
the
fortunate
person
to
have
been
chosen
by
a
very
special
magical
space
cat
named
Little
Bub
I,
don't
know
who
here
is
familiar
with
my
cat
bub,
but
she
was
bloomington's
number
one
celebrity
for
many
years,
and
Little
Bub
ended
up
becoming
quite
a
big
business
for
us
to
sort
of
set
my
life
on
a
different
trajectory,
and
so
we
have
an
online
store
and
we've
always
worked
very
closely
with
the
local
Bloomington
Community,
with
our
merchandise
design
and
all
that
and
through
the
little
Bub
situation
we
developed
so
ask
my
cat.
G
Just
a
real
quick
story
became
extraordinarily
famous
at
by
accident,
and
no
it
wasn't
something
I
ever
set
out
to
do.
I
sort
of
just
went
with
the
flow
one
thing
led
to
another,
and
you
know
we're
on
Good
Morning
America.
G
We
got
book
publishing,
deals
and
throughout
all
that
I
managed
everything
myself
I
refused
to
have
any
sort
of
agent
or
management
and
I
want
to
keep
it
all
about
her
and
her
message
about
celebrating
her
differences
and
also
about
animal
welfare
and,
from
the
very
first
t-shirt
we
sold,
which
was
just
for
my
friends.
We've
been
giving
back.
G
You
know,
starting
with
our
local
Bloomington
animal
shelter
and
over
time
that
all
grew
and
we
first
founded
the
First
National
Fund
for
special
needs
pets,
little
Bub's,
a
big
fund
with
the
ASPCA,
and
that
was
just
a
fund
that
that
lived
within
the
ASPCA
and
then
after
bub,
passed
away
in
2019.
We
took
over
that
fund
and
Stacy
is
the
director
of
our
own
501c3
nonprofit
little
Bub's
big
fund.
Technically,
it's
little
Bub's
Animal
Welfare
organization.
So
that's!
G
What
we're
here
is
with
our
own
non-profit
little
Bub's
big
fund,
which
was
we
officially
got
our
status
in
2021.,
correct,
correct
and,
and
then
I
also
owned.
A
property
company
called
quishman
properties
is
a
funny
name.
That's
what
we
call
our
son
Roscoe
when
he
was
six
months
old.
He
would
scream
all
the
time
and
we
called
it
quishing
and
then
I
had
to
start
this
property
company
when
I
purchased
the
building
that
my
studio
is
in,
which
is
1021
South,
Walnut
and
located
in
the
Urban
Enterprise
Zone.
G
So
question
property
is
is
named
after
our
son
Roscoe,
and
so
the
studio
started
20
years
ago
in
2008,
I
was
working
at
IU
and
designed
a
studio
within
the
building,
so
it
started
in
Brown
County
and
then
I,
just
I
decided
to
design
the
studio
and
put
it
in
the
building.
It's
in
now,
somehow
in
2008,
Of
All,
Times,
Monroe,
County
Bank
believed
in
my
vision
and
actually
gave
me
a
loan
in
2008
to
build
a
studio
and
so
I
built
it
and
that's
when
I
realized.
G
I
guess
I
live
here
in
Bloomington
now
it
was
a
pretty
big
commitment,
and
so
that
was
15
years
ago
for
our
15-year
anniversary,
we
had
a
big
block
party
in
the
parking
lot
of
the
studio.
It
was
a
big
fundraiser.
We
brought
I
think
over
600
people
and
coincidentally
Duran
Jones
and
the
indications
headline
that
event
it
was.
It
was
just
a
really
huge
success.
We
raised
about
ten
thousand
dollars
for
Indiana
recovery,
Alliance
and
Community
Kitchen,
both
organizations
that
are
in
our
neighborhood.
G
We
want
to
sort
of
give
back
to
the
neighborhood
that
we
were
in,
and
this
year
is
our
20-year
anniversary.
So
a
quick
note
about
the
property
I
own,
the
property
1021
South
Walnut,
purchased
it
in
2015
the
Year.
My
son
was
born.
Obviously,
that's
why
it's
named
after
him
and
then
in
2018.
We
renovated
the
building.
G
We
call
them
little
Bub's,
really
nice
apartments,
and
that
was
five
years
ago
and
we
bring
in
obviously
people
from
all
over
the
country
all
over
the
world
stay
there
and
both
apartments
are
booked
to
91
of
the
year
so
and
in
that
neighborhood
it's
those
are
pretty
good
statistics
and
then
the
back
of
the
building
is
a
warehouse
that
was
our
little
Bub
Merchandise
Warehouse
that
we
shipped
all
of
our
orders.
G
From
and
for
five
consecutive
years
we
were
the
U,
the
United
States
Postal
Services
number
highest
volume
of
shipments,
so
they
would
come
to
us
and
bring
us
all
kinds
of
gifts,
Thanking
us
for
doing
that,
but
we
would
ship
I
think
about
up
to
forty
thousand
packages
a
year
with
them,
and
so
this
all
brings
us
to
the
small
and
mighty
Concert
Series.
G
So,
like
I
said,
we
started
little
Bub's
big
fund,
our
own
non-profit
and
a
big
part
of
our
work
over
the
past
two
years
is
developing
sort
of
community
enrichment
projects.
Since
2021,
we
have
awarded
47
grants
totaling
over
three
hundred
thousand
dollars,
which
is
pretty
impressive.
When
you
consider
the
only
person
on
staff
is
my
wife
Stacy
one
person
working
part-time
at
the
time?
That's
a
pretty
big
number.
G
So
we
came
up
with
this
idea.
Small
and
mighty
concert
series
that
basically
brings
together
all
of
the
things
we're
passionate
about
music,
my
recording
studio,
Little
Bub
and
their
mission
to
bring
people
together.
So
it's
sort
of
like
a
small
Studio
that
turned
into
a
big
thing,
a
very
small
cat
that
turned
into
an
even
bigger
thing
and
a
small
town
doing
big
and
mighty
things.
That's
what
Bloomington
is
so
with
our
network
of
people
will
has
shot.
90
percent
of
the
above
videos,
we've
made
Justin
vollmar
back.
G
There
was
one
of
the
camera
guys
for
the
event
and
for
the
trailer
you
but
see
it's
a
very
small
town,
but
I
believe
we
can
do
really
big
things.
There's
a
lot
of
talent
here
so
I
think
that's
a
great
time
to
pass
along
to
Stacy.
L
So
we
have
been
thinking
of
ways
for
a
while
that
we
could
utilize
what
Partnerships
we
had
to
create
some
Community
enrichment
in
the
area
that
we
live
in
the
area
that
we
work,
which
is
an
Urban
Enterprise
Zone.
So
that's
where
small
and
mighty
was
born.
We
wanted
to
create
something
that
was
accessible,
something
that
would
allow
us
to
do
youth
programming
but
would
be
accessible
for
any
and
all
people
in
our
city
and
I
don't
know
if
everyone
had
a
chance
to
review
these
materials
before
the
meeting
today.
L
Yep,
okay,
so
I
want
to
just
give
like
a
brief
aside
as
to
why
we
focused
on
it
being
an
Arts
initiative.
So
if
you'll
go
with
me
there
for
a
moment,
I
want
to
speak
briefly
just
about
the
science
of
neuro,
Aesthetics
and
so
neuro
Aesthetics.
If
you're
not
familiar,
is
a
body
of
research
that
offers
proof
of
how
our
brains
and
bodies
are
transformed
when
we
participate
in
the
Arts
and
aesthetic
experiences,
and
those
experiences
also
include
Animal
Welfare
programming,
because
we're
kind
of
gripping
these
things
together
in
our
Outreach
initiatives.
L
So
not
only
this
neuro
aesthetic
speaks
to
the
life-altering
nature
of
such
experiences
and
how
this
knowledge
can
improve.
Our
physical
and
mental
health
help
us
learn
and
flourish
and
build
stronger
communities,
and
so
those
are
a
lot
of
the
mission
moments
that
we're
trying
to
create
through
this
series
and
I.
Think
what
we're
getting
at
is
that
a
lot
of
people,
think
of
Arts
as
entertainment
or
an
escape,
sometimes
a
luxury,
and
if
you
do
I,
just
encourage
you
to
reconsider
that
notion
and
nationally.
L
Our
Arts
education
in
public
schools
has
been
in
an
overall
decline
since
2001.
and
also
National
polling
in
opposition.
To
that
shows
that
88
of
Americans
agree
that
Arts
education
is
an
essential
component
of
a
well-rounded
education,
but
again
in
opposition
to
that
feeling,
there
has
been
a
persistent
decline
in
support
for
Arts
education,
in
particular
in
communities
that
are
unable
to
finance
it
on
their
own,
so
through
small
and
mighty.
L
We're
able
to
offer
these
enrichment
and
Community
initiatives
totally
free
of
charge
to
all
schools
and
youth
associations
in
our
area
and
I
really
truly
believe
that
Arts
acts.
Access
to
Arts
should
be
something
that
every
person,
especially
our
young
people,
have
access
to
and
given
what
neuro
Aesthetics
as
a
field
shows
us,
we
should
be
striving
to
deliver
Arts
access
to
people
in
all
of
our
communities,
regardless
of
their
socioeconomic
status
or
physical
ability,
because
access
to
the
Arts
improves
the
well-being
of
everyone.
L
And
so
that's
what
we're
aiming
to
do
through
this
initiative
and
just
to
give
you
some
facts
that
support
that
just
one
access
to
One,
Arts
experience
every
month
throughout
your
life
can
extend
your
life
by
10
Years,
playing
music
increases,
the
synapses
and
gray
matter
in
your
brain
and
enhanced
learning.
The
vibrations
for
music
create
sound
waves
that
counteract
anxiety,
immersive,
art
experiences,
dissolve
the
boundaries
between
art
and
viewers,
engaging
all
of
our
senses
and
strengthening
our
cognition
and
memory.
L
So
small
and
mighty
is
a
multifaceted,
Community
enrichment
programming
that
offers
an
ongoing
access
point
to
the
Arts,
while
at
the
same
time
investing
and
strengthening
in
our
community
on
many
levels.
Small
and
mighty
at
its
core
is
an
invitation
to
celebrate
art
and
music's,
often
forgotten
power,
and
we
hope
that
you'll
see
the
value
in
that
invitation
and
to
show
you
the
proof
of
concept.
We
filmed
our
first
series
in
studio
on
April
30th
with
Duran
Jones,
and
we
have
a
short
trailer
that
will
graciously
put
together
for
us
very
quickly.
G
Before
we
play
it,
I'm
very
excited
for
you
to
see
it.
I
realize
we're
very
familiar
with
exactly
what
Smallmouth
is
so
just
in
case.
You
haven't
had
a
chance
to
read
this
over
I'll.
Read
it
real,
quick
little
Bub
small
Mighty
is
a
semi-annual
live
concert,
fundraising
series
with
intimate
one-of-a-kind,
storytelling
performances
by
nationally
renowned
artists,
filmed
and
recorded
before
a
live
studio,
audience
and
made
available
to
the
public
through
a
ticketed
live
stream
broadcast
through
a
website
called
veeps,
which
is
owned
by
the.
G
But
Live
Nation
yeah,
so
they
have
a
huge
reach.
21
years.
G
Sorry
I
am
parched
and
I
did
not
bring
water.
Each
concert
is
an
elaborate
production.
It's
filmed
and
recorded
at
bloomington's,
beautiful
Russian,
recording
with
a
multi-camera
film
crew
will
lighting
and
set
designer,
and
then
it's
all
edited
and
mixed
and
mastered
for
an
exclusive
ticket
live
stream.
The
live
studio
audience
will
be
limited
to
no
more
than
35
people,
with
most
of
the
seats
filled
by
local
youth
audience
of
the
artist's
choosing,
typically
a
demographic
that
otherwise
does
not
have
the
resources
or
access
to
an
event
like
this.
G
So
all
the
proceeds
will
be
split
between
little
bumps
big
fund
and
our
partner
Organization
for
this
year,
we're
partnering
with
girls,
rock
Bloomington
and
credit
to
them.
Amy
the
director
thought
of
the
name,
small
and
mighty.
M
K
M
K
F
F
L
So
I
know
we've,
given
you
a
lot
of
there's
a
lot
of
moving
pieces
and
it's
a
lot
of
information
and
there's
just
one
other
point.
I
think
is
important
to
mention
that
we're
able
to
do
that
I
think
will
create
lasting
impact
and
investment
in
this
series,
which
is
we
have
a
partnership
with
a
national
organization
called
every.org,
and
they
are
really
transforming
the
way
that
nonprofits
are
able
to
operate
and
I
think
we'll
transform
it
nationally
and
it's
that's
already
underway.
L
So
their
mission
is
to
give
the
latest
and
greatest
technology
to
nonprofits
for
free
and
we
have
been
fortunate
enough
to
be
partnered
with
them
since
their
Inception,
and
so
what
that
offers
us
is
the
ability
to
offer
fiscal
sponsorship
for
other
Partnerships.
So
when
we
have
an
artist,
come
Durant
had
a
very
specific
interest
in
supporting
Arts
education.
So
we're
able
to
divert
some
of
the
funds
raised
and
have
a
fund
be
in
his
name.
L
That's
under
the
arm
of
the
bub
fund
and
then
he'll
have
a
vested
interest
in
maintaining
that
connection
with
our
local
community
here
and
that's
something
that
we
hope
to
create
ongoing.
So
when
we're
bringing
artists
in
we're
operating
from
the
point
point
of
making
sure
that
they
have
a
reason
to
keep
coming
back
here,
a
reason
to
keep
participating
in
this
series
and
that
I
think
gives
us
a
really
wonderful
opportunity
to
create
something
that
just
doesn't
exist
out
there.
L
B
You
guys
have
any
connection
to
or
relationships
with,
secretly
Canadian
or
modus
Festival.
You.
L
Know
we
have
I
mean
we're
friendly
I'd
say
with
both
organizations.
Durand
Jones
is
on
secretly
one
of
secretly
Canadians
labels,
so
they're
supportive
of
this
initiative-
and
you
know,
I-
think
you
can
speak
more
to
what
the
music
Community
standpoint
is
than
I
can
yeah.
G
So
Lotus
Fest,
you
know
I've
known
about
a
little
stress
for
a
while
back
when
I
did
live,
sound
I
did
live
sound
for
Lotus
Fest.
We
put
up
some
artists
in
our
airbnbs
I've
donated
plenty
of
equipment
for
Lotus
Fest
events,
so
you
know
bloomington's
a
small
and
mighty
town,
and
so
we
all
help
each
other
out
and
then
secretly
Canadian.
You
know
I've
I've
known
those
guys
forever.
1021
South
Walnut
our
building
was
the
first
secretly
Canadian
Warehouse,
so
I
actually
bought
it
from
them.
G
In
2018
and
and
like
I
said,
Durand
is
one
of
their
artists,
so
we
invited
Ben
Swanson
who's,
one
of
the
owners
to
the
to
the
event
and
obviously
without
their
consent.
We
couldn't
have
done
this
I
think
they're
in
full
support.
I.
Think
it's
great
because
you
know,
artists
are
have
are
passionate
about
Community
enrichment
as
well,
and
they
want
their
message
to
be
heard,
and
this
gives
them
the
opportunity
to
do
that
and
it's
it's
everyone
coming
together.
G
All
these
resources
we
have
in
Bloomington
will
is
a
cinematographer,
and
then
we
work
with
Aaron
Lowell
to
do
poster
design
and
add
up
Teeter
who's,
a
well-known
photographer
and
we're
all
coming
together
to
do
this
for
a
good
cause
and
I
think
that's
what's
nice
about!
It
is
there's
one
Mission,
which
is
to
raise
awareness
and
raise
money
for
the
organizations
and
I.
It's
just
a
nice
message.
It
just
feels
really
good
to
do
it
that
way.
Well,.
B
And
and
now
secretly
we'll
have
a
warehouse
space
at
300,
West
Hillside,
so
you
know
were.
B
B
B
But
it
it's
the
partner
to
the
warehouse.
I
got
you
when
RCA
was
making
so
many
color
televisions
they
needed
a
spot
to
to
stash
him
until
they
could
sell
them.
Uh-Huh.
Okay,.
B
J
E
I
feel
because
this
is
a
pretty
significant
project
and
a
significant
ask
I
would
suggest
postponing
it
to
our
next
meeting,
but
I
and
also
having
board
members,
maybe
submit
questions
in
advance
to
D,
so
that
we
could
get
those
answers
and
have
time
to
kind
of
mull
it
over
I
guess.
My
question
to
you
is:
how
time
sensitive
is
this
proposal
from
your
perspective,
I
mean
are:
is
this
like?
If
it's
a
month,
you
won't
be
able
to
pull
it
off
or.
L
No,
we
I
mean,
of
course,
we
would
love
an
answer
sooner
than
later,
but
we
are
prepared
to
move
ahead
either
way.
What
the
sponsorship
that
we're
asking
for
allows
us
to
free
up
a
lot,
a
lot
of
those
hard
costs
and
then
have
more
money
to
put
into
our
youth
enrichment
programs,
and
so
that's
that's
what
the
sponsorship
request
is
mainly
for
it.
So
to
give
you
a
sense
of
our
timeline,
we'll
be
announcing.
L
G
Thing
I
will
say
is
that
and
it
speaks
to
the
blooming
Bloomington
Community
is
that
everyone
involved,
including
us
and
will
Anna
Aaron
everyone
involved,
has
donated
their
time
for
this
and
you'll
see
from
the
budget.
It's
a
lot
of
work.
I
think
I
slept
seven
hours
and
six
days
during
this.
We
spent
so
much
time.
G
So
obviously
we're
hoping
we
can
get
funding
and
be
able
to
pay
everyone
for
their
time
and
we
were
hoping
to
do
a
second
one
before
the
end
of
the
year
and
then
there's
the
big
block
party,
which
we
talked
about
for
the
20-year
anniversary,
which
is
happening.
I
didn't
speak
to
this,
but
I
recently
bought
the
property
next
to
1021
South
Walnut,
because
it
was
in
very
bad
shape
and
it's
an
empty
lot
now
and
that's
where
we'll
be
having
the
20-year
anniversary.
So
we
can
fit
about
2500
people
there.
G
We
have
two
very
big
National
acts:
deer
hoof
and
Murder
by
Death,
who
was
a
Bloomington
band,
so
we're
easily
we're
feeling
we're
gonna
sell
about
a
thousand
to
two
thousand
tickets.
But
again
we
have
a
bring
in
a
PA
system
and
a
stage
and
all
that
so
funding
is
obviously
kind
of
important
but
we'd.
Rather
you
take
the
time
to
really
think
about
it.
So.
G
L
A
So
so,
but
so
you'll
make
money
on
it.
We
will
yes.
G
Okay,
because
the
in-studio
concerts
is
through
a
live
broadcast
right,
people
buy
tickets.
That's
the
only
way
you
can
get
exclusivity
to
it
for
90
days.
They
can
make
donations
through
the
stream
and
there's
also
exclusive
merchandise
sales.
But
then
the
end
of
your
block
party,
we're
selling
tickets
for
in
person
for
people
to
come
to
that.
So.
L
It'll
be
yep
girls,
rock
Bloomington
it'll
be
to
those
startup
costs
for
creating
the
infrastructure
for
the
educational
programming
piece,
so
not
just
giving
the
broadcast
to
schools.
We
want
to
be
able
to
offer
School
visits.
We
want
to
be
able
to
create
cohorts
of
students
who
are
able
to
have
maybe
a
year-long
course
of
study
in
high
schools
that
is
related
to
this
programming
and.
L
J
A
I'm
I'm
I'll
just
be
honest,
I'm
having
a
little
bit
of
a
trouble.
I've
got
to
figure
out
how
sure
so,
basically
we're
giving
you
money
to
make
money
that
you're
going
to
give
back
to
these
two
organizations.
A
G
L
A
sense
so
more
so
we're
able
to
raise
so
even
if
we
didn't
get
the
sponsorship,
our
projections
started
that
we'll
be
able
to
raise
over
a
hundred
thousand
dollars.
We
think,
through
this
concert,
series
and
that's
a
very
conservative
amount
with
those
with
what
estimates
and
and
that's
where,
if
you
have
more
questions
about
the
financial
projections,
we
can
speak
to
those,
but
what
we're
trying
to
do
is
invest
back
into
that
1021
Walnut
space.
L
L
A
Questions
can
we
have
if
everybody
submit
questions
to
Dee
and
yeah
get
back
with
you
absolutely.
L
D
Yeah
and
I
think
you
have
very
good
information
about
the
what's:
the
money
going
to
yeah
up
front
side,
there's
more
Revenue,
Productions
I.
Think
where
you're
struggling
I'm
struggling
a
little
bit
is
like
how's
the
outcome
being
disseminated
right
and
what
are
the
recipient?
You
know
anticipated
outflows
of
the
investment
that's
being
made,
the
other
thing
I
would
think
about
and
I.
You
know,
I
don't
want
to
jump
ahead
too
much,
but
it's
better
for
and
it
looks
like
the
money
will
be
leveraged
right.
D
So
it's
better
to
have
leverage,
so
public
money
can
or
be
a
semi
public
money
can
be
leveraged
against
other
money
and
then
the
other
thing
is:
it's
also
good
not
to
be
signing
up
for
a
Perpetual
sponsorship,
and
so
you
know
we
like,
like
you
just
heard
from
cdfi,
we
like
getting
in
standing,
something
at
helping
it
succeed,
not
having
to
do
it
over
and
over
again
right
so
I
mean
that
kind
of
that's.
Why
I
think
where
you
were
coming
from
I
was
I
had
the
same
hesitation.
D
It's
like
how
long
does
buea
have
to
be
involved.
It
may
want
to
be
involved,
but
how
long
does
it
have
to
be
involved
before
this
thing
has
its
own
trajectory
right.
G
That's
a
good
point:
I
do
feel
that,
like
you
know,
we
do
need
an
injection
to
get
it
moving
and
I.
Think
it's
going
to
be
a
pretty
big,
Snowball
Effect.
So
once
people
see
this
Duran
performance,
I
have
a
lot
of
connections
with
big
artists
and
I.
Even
talk
to
them,
I
said
well,
send
us
something
over,
and
it's
like
well
I
want
to
get
this
and
once
the
ball
gets
rolling
and
then
we
get
another
big
artist.
I
think
artists
are
gonna.
G
It's
gonna
be
a
desirable
thing
to
do
when
bands
are
on
tour
they're
going
to
want
to
stop
by
and
do
the
small
Mikey
concert
series,
because
the
production
quality
is
it's,
it's
really
high
and
it's
all
for
a
good
cost.
So
I
do
think
that
potentially,
if
we
get
at
least
I,
don't
know
the
right
term
seed
money
or
to
get
us
moving
that
it's
possible
it'll
be
self-sustaining.
After
a
year,
I.
L
Think
it
usually
could
given
just
our
initial.
All
the
financial
projections
on
here
are
fairly
conservative,
even
the
high
end
projection.
So
if
you
look
at
like
year,
2025
our
high-end
projection
that
we
would
be
bringing
would
be
275
000
through
the
series,
and
at
that
point
we
wouldn't
have
a
need
for
an
ongoing
sponsorship
of
any
kind.
So
it
really
is
more
the
startup,
but
just
so
that
I'm
clear,
so
that
we
can
give
you
what
information
and
would
better
answer
your
questions.
D
But
I
would
look
to
I
think
again,
I
think
you've
done
a
great
job,
saying
here's
what
you
know
the
costs
are
right,
I
think
if,
to
the
extent
that
you
could
kind
of
mimic
this
and
say
Here's
what
the
impacts
are
yes
and
how
they
get
distributed
between.
You
know
what
they're
going.
What
a
dollar
that
comes
in
is
being
is
is
how
it
ends
up
being
positive,
what
the
effect
of
it
is
in
the
community
once
this
thing
presumably
plays
itself
out.
D
That's
the
first
thing
and
then
the
second
thing
is
really
to
your
point,
Stacy,
that
if,
if
there
are
thoughts
about
you
know
at
what
where's
break,
even
right
and
and
and
then
at
what
point,
does
this
thing
sort
of
have
a
life
of
its
own?
That
would
be
helpful.
I.
D
Think
that
way
we
know-
and
it
could
be,
that
buea
has
you
know,
puts
in
the
hundred
the
first
year
and
50
the
second,
and
we
know
that
that's
coming,
that's
it
right
and
but
but
just
having
some
visibility
with
that
future
projection
looks
like
I
know
it's
a
little
un
unclear
yet
because
you've
done
it,
but
but
if
we
can
get
some
visibility
into
that,
that'd
be
helpful.
Yeah.
L
Absolutely
I
think
we
can
do
that
and
we
do
have
a
lot
of
those
like
the
community
impact
mapped
out.
So
that's
something
I
can
get
to
pretty.
A
A
A
You
is
there
any
more
business,
but.
C
Let
us
know
if
that's
an
issue,
because
we.
G
A
We're
good,
okay,
but
I
think,
prior
to
that
everybody
needs
to
get
Dee
some
questions
and
you
know
and
Dee
I
would
really.
It
would
be
helpful
if
you
could
share
some
of
those
questions
with
the
whole
group
sure.
So
we
kind
of
know
what
where
we're
headed,
because
obviously
everybody
has
some
different
questions.
So
absolutely.
L
A
If
you
can,
if
the
board
can
kind
of
do
that,
maybe
prior
to
next
Wednesday,
that
would
be
very
helpful
yeah.
So
anyway,
is
there
any
other
business
to
come
before
the
board?
If
not,
I
will
entertain
a
motion
to
adjourn.