So far I haven't seen that there is an actual problem with Carmel; it still seems like quite a nice place to be. The main issue seems to be that high debt load

So far I haven't seen that there is an actual problem with Carmel; it still seems like quite a nice place to be. The main issue seems to be that high debt load creates a high risk of bad consequences for the town. Can you fault the city? The alternative was to not spend the money and spend all this time with lower risk of bankruptcy but in a more crappy/rundown environment. With the present course even if something bad happens they had a good series of years with the upgraded infrastructure--and counting. Doesn't seem that crazy to me.