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REGULAR MEETING June 11, 2018 <br /> the South Bend Cubs have engaged in. This is a partnership we have engaged in throughout the <br /> past seven(7) years. The reason I'm making this presentation to you is because we are partners in <br /> this. This is a City-owned ball park. We are a tenant and signed a twenty (20) year deal with you <br /> in 2011 and we take our goals very seriously.Periodically we like to come back to the City Council <br /> to report how things are going. There are one hundred and sixty (160) minor league ballparks <br /> across the States and each year Major League Baseball meets with their affiliates and discusses <br /> with their affiliates who had the best ballparks, skill development and training, environment,food, <br /> finances, and so forth. We won the Major League Baseball award, the John Johnson award for <br /> having the best Minor League team in the United States. That was in 2015 and then last year we <br /> won BallparkDigest Best Ballpark of the Year in the Minor Leagues. So again,the accolades come <br /> across. When they talk about the South Bend Cubs, they are talking about South Bend. We can <br /> and should leverage the power of the Cubs brand to also talk about how great South Bend is. We <br /> talk about it all the time. <br /> Mr. Berlin continued, Again, the partnership we have had is unusual. It doesn't exist in all of the <br /> cities where there are Minor League ballparks. What we are achieving together contributes to <br /> amazing development in South Bend. I think South Bend has clearly turned a corner over the last <br /> six(6) and seven(7)years about what is happening in downtown. A lot of the work you are doing, <br /> we are doing and what other developers are doing shows that you can be successful in downtown. <br /> In terms of taxes and revenue that has come to South Bend through the income of the Professional <br /> Sports Development Fund, $4 million dollars over the last six(6)years has come back to the City <br /> as a consequence of all the stuff we do. And those revenues stay in South Bend. They don't go to <br /> the coffers in Indianapolis. This is an extraordinary benefit to South Bend. In terms of the jobs, <br /> when we bought the team there were two hundred and thirty-five (235) positions and now we <br /> employ three hundred and sixty-two (362) people. That is a fifty-four percent (54%) increase in <br /> employment. The amount of payroll is up one hundred and forty-six percent (146%) since we <br /> bought the team. Overall,we have also been philanthropic. I'm happy to report that we have given <br /> back around$600,000 to a number of organizations in the area. It is good business, it makes sense, <br /> and it is something that Joe and I believe in. <br /> Mr. Berlin went on, These upgrades are upgrades to a City-owned facility. Even though these <br /> upgrades were paid for with private funds,they are a benefit to South Bend as well. A$6.5 million <br /> investment in amenities. We never would have had the Cubs in South Bend if we didn't replace <br /> the artificial surface with sod. We spent$700,000 on grass alone. We also shared the responsibility <br /> of renovating a real architectural gem. That is the synagogue that has now become the team store. <br /> It really is a tourist attraction in and of itself. The Performance Center is just beyond the right field <br /> fence. Again, the Cubs would not have come to South Bend without this facility. It is a one (1) of <br /> a kind facility in Minor League Baseball. No other team in triple-A (AAA), double-A (AA) or <br /> single-A (A) has a facility like this. That was built for about $2.5 million. Lastly, we are building <br /> those four (4) apartment buildings. Hopefully, three (3) of the four (4) buildings will be done by <br /> the end of July, and the last one (1) by August. The Ivy at Berlin Place is about a $23 million <br /> investment.By the time everything is said and done with landscaping, it will be about$25 million. <br /> The rooftop facility will also be a tax revenue generator for South Bend. There will be over three <br /> hundred (300) people up there, per game, with food, alcohol and merchandise service. In <br /> conclusion,we have more fans,more year-round events,more investment and we are not stopping. <br /> We are very pleased but never satisfied and Joe and I are very thankful for the partnership we have. <br /> We don't take it for granted. <br /> Council President Scott opened the floor to comments or questions from Council Members. <br /> Councilmember Regina Williams-Preston stated, Thank you so much for your investment. I <br /> appreciate the partnership that you talked about and really highlighting the piece about being a <br /> model for investment in South Bend. The public-private partnership is investing in our people and <br /> is paying dividends. Thank you so much. <br /> Councilmember Sharon L. McBride stated, I echo the same. It is really great to have a taste of <br /> Chicago in our neighborhood. I'm often in Chicago but coming and going to the games around <br /> here is a lot of fun and it gives us a lot of things to do.I am very proud it leads to a good partnership <br /> with you all and I look forward to us continuing to grow. <br /> 3 <br />