Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting -April 7, 2006 <br />6. NEW BUSINESS (CONT.) <br />C. South Bend Central Development Area <br />(1) Staff report on disposition of property in <br />the South Bend Central Development <br />Area. (Rink Riverside site) <br />Ms. Laurent noted that on January 20, 2006 <br />two proposals were received by the <br />Commission for redevelopment of the former <br />Rink Riverside site at the corner of Colfax <br />and Sycamore St. Neither bid was <br />conforming in that neither met the purchase <br />price. Thus, by statute, both bids were <br />rejected. <br />The Commission directed staff to conduct <br />further analysis of both proposals. Staff <br />found the elements of either concept could <br />ostensibly help fulfill the goals of the <br />development plan for the area, though both <br />projects vary widely in scale, primary land <br />uses, and impact in the immediately <br />surrounding area. Both were creative <br />solutions to master planning for less than a <br />one-acre tract of land. However, too many <br />unknowns were presented in each to make a <br />reasonable comparison. Subsequent to the <br />initial review by both the Commission and <br />staff, the Commission requested that the two <br />interested development teams present <br />clarifications to the terms and conditions laid <br />out in their respective bids in public meetings <br />which were held on March 3 and March 10, <br />respectively. This was a rigorous and <br />productive exercise which allowed for a <br />dialog to begin about the schematic and <br />financial implications of both. The Ralph <br />Jones Partnership proposal was called East <br />Gateway. The problem with this proposal is <br />that the level of city investment is <br />5 <br />