Investing in Tomorrow
THE FUTURE IS NOW!
For the next 20 years, as Elkhart's public and private leadership, we are focused on Making Motion and Moving People to achieve specific growth goals and develop the quality of place, economic engine, and infrastructure required to be an unassailable force in Indiana.
Our Time Is Now!
Our collective leadership is motivated to execute economic diversification, provide programs to address workforce and quality of life issues, and invest in aging real estate and infrastructure needed to ensure Elkhart’s resiliency.
As a result of this effort, access to talented employees and diversified customers, suppliers and markets will be enjoyed by businesses in Elkhart’s centrally located industrial, historical and highly entrepreneurial economy. We will offer more sectors focusing on particular strategic advantages such as manufacturing, transportation, supply chain management and distribution, the arts, health services, and nonprofit management.
Million dollars invested
The River District has been the catalyst for local investors to be excited about building a strong Downtown — which is a requirement for city-wide transformation. Our research of other successful city transformations proves that strong downtowns lead to the expansion and development of surrounding neighborhoods.
It doesn’t stop there! We have achieved approval for three Opportunity Zones comprising of potentially more than 24 expansion projects or all sizes. If completed, they will transform the City by giving investors both financial and community impact reasons to be in Elkhart.
Percent fiscal impact
So far, our current growth projects are estimated to achieve over 800% fiscal impact for the City through the redevelopment of distressed, underutilized real estate within the City Center. This City revenue is necessary to offset increasing taxes for future maintenance and expansion of community assets.
Our signature projects are only the beginning for citywide growth. Great cities are as strong as their downtowns. These projects represent the seeds that will spread growth through building our credibility and investment interest with diverse businesses and quality of life investors, who understand our commitment to revitalizing Elkhart.
Elkhart River District
This district is expected to surge an urban vision with economic energy into expanding Elkhart's downtown to match the trends of other thriving urban environments -- and to make Main Street and its surrounding neighborhoods vibrant once again.
Stonewater at the Riverwalk
This project brings 200 luxury market rate apartments and over 7,000 square feet of retail space. Comprised of studios, one and two bedroom apartment homes, the project will boast the finest amenities in the Elkhart market. The development, at 237,337 square feet, is on the site of the former Elkhart Foundry.
Bathed in light, LEX 530 is a new, modern urban event center in the newly revitalized River District on the east bank of the Elkhart River in downtown Elkhart, Indiana. The bright, eclectic center, located at 530 E. Lexington Avenue, has an urban vibe with eight large windows and 18-foot barreled ceilings.
Elkhart Health & Aquatics
This $70M, 170,000 square foot facility will serve the Elkhart community and surrounding areas and include: a state-of-the-art Beacon Health & Fitness, a first-class regional aquatics center, and a community gathering space.
The Hotel Elkhart was built in 1923 and was once known as "Northern Indiana's Finest Hotel." It later served as an apartment building. The renovation project will return the building into a 93-room boutique hotel with a regionally-branded cafe, taproom/bar, and a breakout meeting space. The Athenian Ballroom on the 9th floor will also be completely renovated with a rooftop deck.
“Without community there is no liberation.” ~ Audre Lorde
The products of our community’s work is only as profound as the active and productive efforts of our citizens. While change usually starts with a small team, a movement sustains with a force of many that transforms and revitalizes deeper beneath the surface.
Attend Upcoming Event
May 29th is our next event about Investing in Opportunity Zones at the Lerner Theater.
Learn more about the progress of projects aimed to improve our community.
Contact us to learn more or share your ideas about Elkhart’s next steps toward the future.
"Elkhart's a place that's known for its entrepreneurial spirit… its spirit of getting things done. luckily the stars aligned where a group was able to get together and the city was in a place where it was financially strong enough to invest $30 million in public infrastructure for the River District. It can’t stop there. We're here to do something transformational."
~david Weaver, local investor
Inside Indiana Business / Read Full Article