CARMEL CITY CENTER AND PERFORMING ARTS CENTER
CREATING AN IDENTITY
The City of Carmel’s ambitious redevelopment efforts have been largely centered around the City Center and Performing Arts Center. Those areas boast numerous public-private projects, including the Palladium, the Carmel Energy Center, the Booth-Tarkington Civic Theater and James Building, the Hotel Carmichael, and mixed-use projects such as the Nash, Baldwin, Chambers, Holland, and Playfair, among many others. The City Center is home to Carter’s Green, which hosts Carmel’s award-winning Christkindlmarkt and the Carmel Farmer’s Market.
To date, the City Center and Performing Arts Center represent hundreds of millions of dollars in total investment and have been financed using a variety of structures, including installment purchase contracts, grant agreements, certificates of participation (COPs), traditional construction loans, developer backed bonds, and municipally backed bonds. Our firm has structured these projects on behalf of the Carmel Redevelopment Commission to provide sufficient funding, flexibility, and risk mitigation to allow the City to pursue additional developments in Midtown, around City Hall, and in the Arts & Design District.