Brainard’s proposal would mean more money for 16 other arts groups as well. The Booth Tarkington Civic Theatre would get $190,000, Carmel Symphony Orchestra would get $200,000, and the Carmel Repertory Theatre Inc. would get $150,000.
All those groups are resident companies at the center, paying rent.
The proposed $1.62 million is much more than the council planned to spend last fall. At the time, the council approved $265,000 to support local arts groups, Brainard said.
The bigger allocation is possible now, he said, because the city's tax revenue increased by $6.5 million, thanks to the Indiana Department of Revenue's recently discovered accounting error.Brainard says his goal is to reduce the annual subsidy to the Palladium to $2 million a year. He's hoping to cut its operating budget by having the city take over responsibility for paying for janitorial services and paying its utilities directly. The City of Carmel now officially spends more money subsidizing the arts than the City of Indianapolis despite being a fraction of its size. Indianapolis more than makes up for the difference, though, with its subsidies to professional sports teams. One has to wonder if the Palladium will ever become self-sustaining without a large endowment from a private benefactor. The Lucas Oil Palladium, anybody?