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INNOVATE INDIANA

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AMENITIES<br />

PROJECT SNAPSHOTS | SECTION 6<br />

ELKHART<br />

Hotel Elkhart Development (#20)<br />

PROJECT SUMMARY<br />

This project will redevelop the Cornerstone Building at 500 South Main<br />

Street in downtown Elkhart to include a 60-room boutique Hotel with a<br />

mixed-use component and a penthouse ballroom.<br />

IMPACT<br />

This project will enable<br />

residential and commercial<br />

activity and density within<br />

downtown Elkhart by<br />

attracting residents and<br />

visitors and serving as an<br />

amenity to the community.<br />

EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS<br />

STATE OF THE REGION<br />

& QUALITY OF PLACE<br />

VISION & STRATEGY<br />

PROJECTS<br />

PROJECT CONTACT<br />

CRYSTAL WELSH<br />

Community and Redevelopment,<br />

City of Elkhart<br />

574.294.5471 x 124<br />

crystal.welsh@coei.org<br />

cityofelkhart.org<br />

FINANCIAL SUMMARY<br />

Total Capital Expenditures $11,550,000<br />

Private Funding $8,144,000<br />

Local Public Funding $1,560,000<br />

State Public Funding $1,846,000<br />

Private/Public/Other Ratio 71/29/0<br />

REGIONALCITIESOFNORTHERN<strong>INDIANA</strong>.ORG |<br />

145<br />

STAKEHOLDERS, EXECUTION<br />

& STRUCTURAL CHANGES<br />

BENCHMARKING<br />

& MEASUREMENT<br />

ADDITIONAL SUPPORT

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