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South Bend Redevelopment Commission <br />Special Meeting —.Tune 19, 2007 <br />2. NEW BUSINESS <br />A. Airport Economic Development Area <br />(1) continued..; <br />by the west Washington Development Area. <br />Mr. Pec l owski: So you're saying it <br />couldn't survive by itself. It needs help. <br />Mr. Inks: It'll survivel, but it will be at a <br />minimal level. Part of the reason for <br />establishing these areas is that development <br />won't occur `but for" the application of local <br />governmental revenues to stimulate new <br />investment and create jobs. In west <br />Washington that's clearly the ease. The <br />investment that would be required there is <br />not economically viable at this point. That's <br />our role is to go in and clean up those sites <br />and put then in a status where the private <br />sector can come in and male their <br />investment, start new businesses and create <br />new jobs. <br />Mr. Pec l owski : Do we have history that <br />shows ...Have we done this in the past where <br />we've taken a successful TIP district, <br />cobbled it together with an unsuccessful one <br />and shown that we've lifted them up by heir <br />bootstraps, so to speak` <br />Mir. Inks: There have been some <br />consolidations of areas. The downtown is <br />actually a compilation of three separate areas, <br />the Central Business District, Monroe Park <br />and East Bank. They were all individual TIP <br />areas. Those were eventually combined into <br />one. I'm not as familiar with the rationale <br />going back that far, but they are clearly all <br />very geographically oriented and are <br />1 <br />