INNOVATE INDIANA

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Exhibit B-4 Project impact and alignment with local or regional plans ADDITIONAL SUPPORT | SECTION 19 Historic theater restoration is so widely recognized as a catalyst for economic activity that it is often a lead project in a comprehensive plan to revitalize a central business district. City planners, local governments and private businesses recognize the valuable connection between planning, economic development, and arts and culture. Concentrating creativity through both physical density and human capital enhances economic development. By locating firms, artists and cultural facilities together, a multiplier effect can result. While many cities lead with a theater, Goshen’s historic theater is one of the largest unresolved projects in its commercial core. It stands vacant in the heart of the county seat, deteriorating while the community determines whether it will repurpose or condemn the facility. GTI is not content to stand by and wait for the building to implode or for the facility to be so physically compromised that a wrecking ball is the only logical solution. It is taking action. We see the theater as one of the greatest potential assets in our community and a strong catalyst for economic activity in region. EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS Project Impact In Goshen, fifteen years of grass roots initiatives coupled with public-private partnerships have restored significant activity to Goshen’s central historic district. While investment in our central business districts is on the rise, we have not yet reached the goal of securing stability for smart new businesses and a diverse local economy. Local and independently owned businesses still face many competing forces. Manufacturing continues to define both the economic and cultural landscape of the Elkhart County community; posing inherent challenges to attracting and retaining much needed talent in the community. A restored Goshen Theater serves as a multiplier, bringing activity to the city center, offering jobs, enhancing the city’s creative vitality and securing Elkhart County’s reputation as a community that values culture. Anticipated return on investment (%) The 0 goal of this project is to break even on an annual basis. Based on conservative estimates, funding for this project will cover construction costs as well as operational, replacement, and maintenance needs into perpetuity. The overall anticipated project impact will be measured in terms of the successful restoration and revitalization of a historic community structure, and the provision of ancillary economic benefits to the city center. To the extent that there are excess profits, we would reduce the need for the capital endowment. Description of anticipated return on investment The venue will accommodate a variety of uses. Conversations with promoters and potential users as well as an analysis of most recent facility activity suggest the Goshen Theater could host at least 150 events annually. 2-YEAR INTERIM OPERATION • 24 Concerts – GTI, Ignition, 91.1 Globe • 12 Theater Performances – New World Arts, Goshen High School • 24 Dance Class Weeks • 12 Comedy Performances - GoProv Improv • 8 Dance Recitals • 24 Festivals - First Fridays Events • 104 Films - Art House • Other Public Events • 104 Church Meetings: Downtown@808 • Daily Use: Gus’ Lil Orbits donut shop • Daily Use: BoHo Pretty clothing boutique Based on projected utilization and attendance estimates for and projected frequency of use, we estimate approximately 30,000 visitors to the space during the Interim Operation Period. DIRECT BENEFICIARIES include those organizations who will be sharing / renting space from the Goshen theater listed above, their audience, and family members. Additionally, the building project and Interim Operations will create new jobs in the community. INDIRECT BENEFICIARIES Goshen Theater events should provide a significant economic boost for existing downtown business establishments, contributing to their viability. In addition, these events provide a high-impact “Quality of Place” marketing tool for the City of Goshen, Chamber of Commerce, Elkhart County Visitors Bureau, Elkhart Development Corporation and ECCF as they seek to attract and retain talent to contribute to the County’s Annual sales or other nontax revenue generated ($) $250,000.00 STATE OF THE REGION & QUALITY OF PLACE VISION & STRATEGY PROJECTS STAKEHOLDERS, EXECUTION & STRUCTURAL CHANGES BENCHMARKING & MEASUREMENT 22_EC_Goshen Theater Restoration REGIONALCITIESOFNORTHERN<strong>INDIANA</strong>.ORG | 276 ADDITIONAL SUPPORT
Exhibit B-4 Description of annual sales or other non-tax revenue generated Jobs created (if applicable) Description of jobs created (if applicable) Earned Revenues Rental Income Chargebacks & Cost Recovery Retail (Net Revenues) Box Office & Facility Fees Support & Funding Sponsorships & Events 5 Director Production Manager House Manager (Hourly) Box Office (Hourly) Custodian (Part time) ADDITIONAL SUPPORT | SECTION 19 EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS STATE OF THE REGION & QUALITY OF PLACE VISION & STRATEGY PROJECTS STAKEHOLDERS, EXECUTION & STRUCTURAL CHANGES BENCHMARKING & MEASUREMENT 22_EC_Goshen Theater Restoration REGIONALCITIESOFNORTHERN<strong>INDIANA</strong>.ORG | 277 ADDITIONAL SUPPORT
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INNOVATE INDIANA SMART REGIONAL AND
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SECTION 1 REGIONAL CITIES OF NORTHE
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SECTION 1 EXECUTIVE SUMMARY & INTRO
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THE REGION ENGAGED Northern Indiana
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THE REGION ENGAGED Northern Indiana
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CURRENT TRENDS SECTION 3 Economic,
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CURRENT TRENDS SECTION 3 EXECUTIVE
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CURRENT TRENDS SECTION 3 EXECUTIVE
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CURRENT STATE OF THE REGION & QUALI
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GREEN GREEN TEE 4 TEE TEE 7 5 GREEN
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VISION & STRATEGY A Global Innovati
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VISION & STRATEGY SECTION 5 Local m
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Innovate Indiana Projects PROJECTS
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PROJECTS PROJECTS I | SECTION 6 Mar
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MARQUEE PROJECT I | SECTION 6 INNOV
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MARQUEE PROJECT I | SECTION 6 EXECU
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I.) DATA CENTERS 2.) OFFICE WORKPLA
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MARQUEE PROJECT II | SECTION 6 EXEC
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MARQUEE PROJECT II | SECTION 6 SOUT
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CENTRAL BUSINESS DISTRICT SEITZ PAR
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MARQUEE PROJECT II | SECTION 6 EXEC
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MARQUEE PROJECT III | SECTION 6 NOR
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MARQUEE PROJECT III | SECTION 6 SOU
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MARQUEE PROJECT IV | SECTION 6 EXEC
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METRONET EXTENSION MARQUEE PROJECT
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METRONET EXTENSION Project Plan MAR
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METRONET EXTENSION $430,800 annual
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METRONET EXTENSION MARQUEE PROJECT
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ELKHART MARKET DISTRICT BLUE ZONE I
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PROJECT SNAPSHOTS | SECTION 6 PROJE
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CONNECTIVITY PROJECT SNAPSHOTS | SE
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INNOVATION PROJECT SNAPSHOTS | SECT
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PRODUCTIVITY REGIONAL Health Educat
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PRODUCTIVITY PROJECT SUMMARY PROJEC
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PRODUCTIVITY ST. JOSEPH COUNTY Educ
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PRODUCTIVITY PLYMOUTH Job Training
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AMENITIES PROJECT SNAPSHOTS | SECTI
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AMENITIES PROJECT SUMMARY PROJECT S
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PRODUCTIVITY PROJECT SNAPSHOTS | SE
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SECTION 7 EXECUTIVE SUMMARY THE REG
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STAKEHOLDERS, EXECUTION & STRUCTURA
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STAKEHOLDERS, EXECUTION & STRUCTURA
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BENCHMARKING & MEASUREMENT Northern
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FIGURE 26 NORTHERN INDIANA DIVERSIT
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ADDITIONAL SUPPORT Exhibit A: Stake
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Exhibit A-1 Scott Ford Director of
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Exhibit A-1 Industry Indiana Michig
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Exhibit A-2 ADDITIONAL SUPPORT | SE
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Exhibit A-3 Karl King Former Counci
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Exhibit A-8 (a) (b) (c) (d) (e) (f)
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Exhibit A-8 participating in the RD
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Exhibit A-8 follows: ADDITIONAL SUP
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Exhibit A-10 ADDITIONAL SUPPORT | S
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Capital Expenditures ($M) Exhibit B
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Exhibit B-3 * Total Project Funding
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Exhibit B-4 Project Budget & Fundin
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Exhibit B-4 Project Impact Project
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Exhibit B-4 Project Timeline Projec
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Project Impa Exhibit B-4 ADDITIONAL
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Exhibit B-4 Project Budget & Fundin
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Exhibit B-4 Project Ownership, Part
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Exhibit B-5 ADDITIONAL SUPPORT | SE
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Exhibit B-5
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Exhibit B-5 ADDITIONAL S
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Exhibit C-1 ADDITIONAL SUPPORT | SE
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Exhibit C-3 economic impact TEAMWOR
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Exhibit C-4 P H O T O B Y B A R B A
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Exhibit C-4 captured three-fourths
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INNOVATE INDIANA

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