All Things Carmel, a specialty store operated by a non-profit organization in the Carmel Arts & Design District, closed Tuesday.
Managed by Promote Carmel, Inc., a 501(c)(3) that was started by Mayor Jim Brainard in 2020, the store has been supported by revenues budgeted in the city’s General Fund which is funded by property tax and income tax.
A recent analysis of the store’s financials showed that due to obligations made by the previous administration, an additional $100,000 would be required this year to fund the non-profit beyond the $200,000 subsidy in Mayor Brainard’s last budget. Upon discussion with the Promote Carmel board, the city decided to redirect the funds granted to the non-profit to other key priorities.
“Because of inflation and a higher cost of living, Carmel taxpayers have had to tighten their belts. It is my responsibility to do the same with our city budget,” Mayor Sue Finkam said. “Although the program has been a vibrant addition to the Carmel Arts & Design District, today’s financial climate requires us to prioritize important expenditures such as police and fire staffing and road maintenance.”
As a result of the city’s decision to redirect funds to the benefit of the broader community, the Promote Carmel board of directors decided to close the store, notifying team members of the decision today.
“The store was a labor of love for many individuals,” Tim Griffin, board chair of Promote Carmel, Inc., said. “The leadership of the Promote Carmel, Inc. and the City of Carmel thank them for their support.”
Following an inventory, store products will either be donated or sold online, with the 501(c)(3) taking other steps to cease operations, including outreach to vendors and other partners.