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South Bend Redevelopment Commission <br />Regular Meeting –March 5, 2010 <br /> <br />6. NEW BUSINESS <br /> <br />D. Airport Economic Development Area <br /> <br />(1) continued… <br /> <br />The estimated redevelopment cost for this <br />target area is $8.5 million, and will be a <br />multi- year project. This cost includes <br />acquisition, demolition, relocation, and <br />professional services. <br /> <br />Area 2: Ignition Park West <br />The areas to the east and south of Ignition <br />Park have been studied, and inconsistent uses <br />have been or are in the process of being <br />redeveloped. The area west of Prairie was <br />recently brought to the forefront when a <br />special exception was requested for a <br />wrecker service in this area, which was not <br />considered consistent with the planned future <br />for Ignition Park. <br /> <br />There are six properties staff has identified in <br />this area. Most are vacant. Some have been <br />behind in paying taxes. These properties <br />bound the west side of Prairie from Indiana <br />Ave to Sample, and from Sample west to <br />Webster. <br /> <br />Estimated redevelopment cost for this target <br />area is $5 million, and will also be a multi- <br />year project. This cost includes acquisition, <br />demolition, relocation, and professional <br />services. The largest old brick building <br />about ½ block west of Prairie on Sample <br />could be demolished and recycled by a <br />private entity. If this occurs, the estimated <br />cost of this project would be lowered by over <br />$1 million because of lower demo costs. <br /> <br />Area 3: Ivy Tech / Gorny Plaza <br /> 33 <br /> <br />