INNOVATE INDIANA

Project Impact Project Budget & Funding
Exhibit B-4
RCI funding needed $2,064,860.00
RCI funding proportion of cap
ex 6%
Total private funds $28,870,280.00
Private ratio calc 87
Total public funds $4,129,720.00
Public ratio calc 13
Other $0.00
Other ratio calc 0
Total funding $33,000,000.00
Variance between budget &
funding $0.00
Private/public/other funding
ratio 87 / 13 / 0
Project impact and alignment
with local or regional plans
ADDITIONAL SUPPORT | SECTION 19
This space will attract not only regional events but national and international events as
demonstrated by the demand from potential customers for a larger venue with added
amenities. This project would create a demand for increased economic development with
a need for shopping, hotels and restaurants. In turn, all in the region would benefit with
job creation at all economic levels and would serve as a catalyst for additional education,
entertainment and tourism opportunities.
Anticipated return on
investment (%) 100
Description of anticipated The anticipated 100% ROI would be recouped by the event revenue increase and
return on investment
donations from proven sources in the support of an expanded event venue.
Annual sales or other non-tax
revenue generated ($) -
Description of annual sales or
other non-tax revenue
generated
Jobs created (if applicable)
Description of jobs created (if
applicable)
Anticipated events that would be held at the venue would support the increase in annual
sales.
115
115 FTE jobs are planned for this facility, including administration, operations, sales &
marketing, and hospitality roles with a minimum annual payroll of $2.3M
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
26_EC_ExhibitionHall_ProjectDetails_Updated 072415
REGIONALCITIESOFNORTHERNINDIANA.ORG |
290
ADDITIONAL SUPPORT