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03-19-04 Redevelopment Commission Minutes
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03-19-04 Redevelopment Commission Minutes
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G <br />L <br />South Bend Redevelopment Commission <br />Regular Meeting —March 19, 2004 <br />6. NEW BUSINESS (CONT.) <br />J. Other <br />(2) continued... <br />South Bend and Business Districts, Inc. in <br />the South Bend Central Development <br />Area. (Market and Site analysis, Osco <br />block and Hotel LaSalle) and (Proposed <br />retail development, Ireland Rd & <br />Michigan) <br />Mr. Mathia reported that Business Districts, <br />Inc. /CB Richard Ellis has submitted two <br />proposals to amend its current agreement <br />with the Redevelopment Commission. The <br />agreement is for professional services to <br />conduct a market and site analysis for the <br />Osco block and the Hotel LaSalle. <br />The first proposal would expand the market <br />analysis to examine the downtown South <br />Bend commercial office climate. The <br />analysis will look at the current status of the <br />downtown commercial office sector and <br />examine the reasons for its current <br />condition. The purpose is to develop a <br />program to address any issues and <br />strengthen the office sector. The second <br />proposal is related to the proposed retail <br />development at the corner of Ireland Road <br />and Michigan Street. Under the proposal, <br />the contractor would review potential <br />incentives for the developer of the site and <br />current City policies and procedures related <br />to such incentives. The purpose is to <br />develop a document that will guide the City <br />in its development review process and <br />negotiations with the developer. <br />16 <br />
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