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LETTER TO THE SOUTH IIEND AREA PLANNING COMI`1ISSION 12/17/96 <br />Often emphasis is placed on the monitory losses or gains when <br />commercialization is established in a residential area. <br />Residential properties owners are faced with several <br />decisions...to remain amongst escalating traffic and noise <br />that commercialization brings or to sell their properties at <br />a devaluated residential price. If they are luclcy they might <br />obtain commercial status and sell their devaluated properties <br />at a price tantamount to the original residential worth. <br />My husband and I face this situation. <br />We are in our 70's. [Ve purchased an almost half-acre of farm <br />land, cleared away the brush and had our house built to our <br />specifications by a local builder. <br />That was almost X10 years ago. Our children grew-up in this <br />house. P9any happy and not-so-happy events leave happened in this <br />house. PJe have become ill, almost died, and recouperated in <br />this house. [9e have planted 1 foot trees that are now 100 feet <br />tall. [~Je have placed much of our incomes into the maintenance <br />and care of this house. This was to be our retirement home. <br />Commercialization biting into the remaining small residential <br />area in which we live worsens the heart breaking loss that we <br />as long-term home owners face which is to stay and endure the <br />devaluation of our house or sell and accept the value loss. <br />Neither of which tae are prepared to do. <br />I have no doubt Mr. & tlrs. Smith are nice people with good <br />intentions, but roe sincerely wish they would consider locating <br />their business in an already established commercial area. <br />rlizabeth E. James <br />2007 E. Edison Rd. <br />South Bend, IN 46637 <br />