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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 />Gorny Plaza was recently for sale, and would <br />be a target acquisition that could help with <br />the redevelopment of south Michigan Street, <br />including the Burke building at the northwest <br />corner of Garst and Michigan streets, Real <br />Services, or could allow for the redirection of <br />Dean Johnson Parkway to Main Street. This <br />property has long been identified as a <br />potential redevelopment site because of its <br />proximity to Ivy Tech and Ignition Park. <br /> <br />Estimated redevelopment cost for this <br />property, which includes three parcels, is <br />$500,000. This cost includes acquisition, <br />demolition, relocation, and professional <br />services. <br /> <br />Area 4: Airport Industrial Park, Phase 2 <br />The City of South Bend and the St. Joseph <br />County Airport Authority have been working <br />together to coordinate infrastructure <br />improvements and parcel acquisition in this <br />area southeast of the airport complex. The <br />city was recently approached by this parcel’s <br />owner, indicating his interest in selling if an <br />agreement can be reached. This parcel is <br />between Maplewood and Sheridan, and <br />would allow Maplewood to be closed and <br />vacated adjacent to and north of this <br />property. The Commission currently owns <br />four properties in this block. This parcel <br />would be one of four currently not under <br />control. <br /> <br />Estimated redevelopment cost for this vacant <br />lot is $25,000, which includes acquisition <br /> 35 <br /> <br />