Editing Carmel, Indiana (section)

===Planned development===
In mid-2017, the city council was considering a multimillion-dollar bond issue that would cover the cost of roundabouts, paths, roadwork, land acquisition by the Carmel Redevelopment Commission and would include the purchase of an antique carousel<ref>{{cite web|url=http://www.indystar.com/story/news/local/hamilton-county/2017/07/10/carmel-considers-101-m-roundabouts-land-paths-carousel/465828001/|title=Carmel considers $101M for roundabouts, land, paths, carousel|date=July 10, 2017|work=Chris Sikich|publisher=[[IndyStar]]|access-date=July 20, 2017}}</ref> from a Canadian amusement park for an estimated purchase price of CAD $3 million, approximately US$2.25 million.<ref>{{cite web|url=https://www.thestar.com/news/gta/2017/07/19/toronto-centre-islands-110-year-old-carousel-sold-for-3-million.html|title=Toronto's 110-year old carousel on Centre Island sold for $3 million|date=July 19, 2017|work=Fatima Syed|publisher=Toronto Star|access-date=July 20, 2017}}</ref> However, a citizen led petition drive against the purchase caused the city council to remove it from the bond issue.<ref>{{Cite web|url=https://www.theindychannel.com/news/local-news/hamilton-county/carmel/carmels-controversial-5-carousel-plan-removed-by-city-council|title=Carmel's controversial $5M carousel plan removed|last=McKinney|first=Matt|date=September 19, 2017|website=WRTV|access-date=July 18, 2019}}</ref>

According to the Indiana Department of Local Government Finance, as of 2019 the City of Carmel had an overall debt load of $1.3 billion.<ref>{{cite web|url=https://www.indystar.com/story/news/local/hamilton-county/carmel/2019/05/02/carmel-mayor-election-jim-brainard-and-fred-glynn-differ-over-public-spending/3628932002/|title=Carmel Mayor Jim Brainard sees $1.3B as worthy investment. His challenger sees troublesome debt.|date=May 2, 2019|work=Natalia Contreras|access-date=May 4, 2019}}</ref>