INNOVATE INDIANA

Exhibit B-4
Project impact and
alignment with local or
regional plans
ADDITIONAL SUPPORT | SECTION 19
The collaborators in this project have been working together since the fall of 2014 to
develop plans to construct a $30 million community center in downtown Elkhart. Key
elements of this facility involve a fitness and wellness area, community gathering space,
offices for local NPO organizations, and a regional natatorium for aquatic competition,
recreation and physical therapy. Studies by experts in the field of aquatics indicate the
viability of a regional natatorium that will draw event participants from a radius of more
than 200 miles for swim competitions. The intent is to create a "destination" facility for
the Midwest (Indiana, Illinois, Ohio, Wisconsin and Michigan) while at the same time
creating a wellness, fitness and community center for our local citizens.
Anticipated return on
investment (%) $633,500.00
The ROI on this project can be measured by a number of different factors.
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
Project Impact
Description of anticipated
return on investment
Annual sales or other nontax
revenue generated ($) $2,900,000.00
Description of annual sales
or other non-tax revenue
generated
Jobs created (if applicable)
Description of jobs created
(if applicable)
1. Community Health and Wellness
2. Economic Impact and multiplier effect of tourism
3. Downtown revitalization
4. Increased property values in surrounding neighborhoods
5. Job creation (construction and permanent facility staffing)
Annual revenues related to Aquatics, Health Club and Community Center Combined are
estimated at $2,900,000. Annual sales for Aquatics are estimated at $900,000 year one.
The Health Club is estimated to bring in $1,500,000 in revenues. Physical Therapy and
Other Community Activities add another $100,000 per year. Endowment revenues of
$400,000 are planned for the total of $2,900,000. The regional event forum of the
natatorium is expected to generate more than $250,000 each year in revenues from nonlocal
visitors. These are projected facility rental and gate revenues from the facility. With
a multiplier estimate of 10X spending in local hotels, restaurants, grocery stores, retail
shops, bars and gas stations we project $2,500,000 of increased spending in the local
community which results in approximately $175,000 in increased tax revenue.
41
Program and facility staff.
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
23_EC_Community Natatorium & Fitness Center
REGIONALCITIESOFNORTHERNINDIANA.ORG |
280
ADDITIONAL SUPPORT