14:Sustainable + Resilient Funding

The Indy Region has a track record of investing in ways that allow us to punch above our weight class as a mid-size Midwest city. These investments have helped us create the best convention city in the nation, host an NFL and NBA team in world-class venues, capitalize on youth and amateur sports, and support an amazing array of cultural institutions. These investments, at the core of our tourism and hospitality industry, also make it more challenging in a relatively low-tax, low-wealth, and low-density region to sustain this momentum while also maintaining what we’ve built. It is imperative that we evaluate the long-term funding needs and capacity of our region to maximize the stewardship of these limited funds.

ACTIONS

Priority + Progress
TTI Role
Last Updated

14A: CIB Funding

Improve the resiliency of the Capital Improvement Board by continually evaluating the competitiveness of its revenues and investments.
Active
10%
Encourage
Support
Primary
TTI Role: Encourage
March 2022
Last Updated: 03/17/2021

14B: Regional Placemaking Fund

Develop a regional funding mechanism to invest in quality-of-life and quality-of-place investments.
Monitoring
5%
Encourage
Support
Primary
TTI Role: Support
January 2023
Last Updated: 03/17/2021

14C: Park Funding

Advocate for increased and sustained public funding for local and state park systems to enable them to offer world-class natural and recreational amenities.
Monitoring
20%
Encourage
Support
Primary
TTI Role: Encourage
June 2024
Last Updated: June 2023 January 2023 February 2021

14D: Destination Management Funding

Advocate for regional or statewide efforts to explore diverse funding streams for destination marketing organizations.
Active
5%
Encourage
Support
Primary
TTI Role: Primary
April 2022
Last Updated: June 2021