CARMEL – A comprehensive analysis by the Indiana University Public Policy Institute shows how two decades of public investment into Carmel’s central core has impacted the city and its taxpayers.
The benefits by the numbers are detailed in the PPI report, showing more private investment, more jobs, less vacant land, more employed persons, and more taxable assessed value have been realized.
The success of the redevelopment of its central core has helped cement Carmel’s national reputation as one of the country’s best suburbs. However, the PPI report does acknowledge that the project was not without disagreement over the development process and concern regarding Tax Increment Financing as a funding source, among other issues. (more…)