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South Bend Redevelopment Commission <br />Regular Meeting —April 26, 2011 <br />estate, loans, and insurance, and made <br />investments in Illinois, Indiana, and <br />Michigan. <br />Upon acquisition of this property, staff will <br />work with South Bend Heritage Foundation <br />for the building's adaptive reuse, hopefully <br />incorporating it into the museum campus. <br />Expected cost for the acquisition and <br />stabilization of this property is $300,000. <br />Upon approval by the Commission, <br />resolutions will be put before the Area Plan <br />Commission and Common Council for their <br />approval, before a Public Hearing and <br />Confirming Resolution would be presented to <br />the Commission for final approval. Approval <br />for advertising for the Public Hearing is also <br />requested of the Commission. Advertising <br />will be done after approval from the <br />Common Council is granted. <br />Mr. Downes asked what the expected <br />"adaptive reuse" would be. Mr. Gibney <br />responded that our ideas are that it could be <br />used for some overflow office space, <br />possibly some housing for interns working at <br />the museums. It sits on a very prominent <br />corner and has been undermanaged for many <br />years. <br />Mr. Alford expressed concern that this <br />project might take focus away from the <br />children's dispensary project which has not <br />had much progress since its approval last <br />year. He also wondered what would happen <br />to the tenants in the Kizer building. <br />Mr. Gibney responded that the Kizer building <br />has two tenants. <br />Mr. Gibney also responded that the <br />21 <br />