No. 1955 designating/declaring the SSED projectdistrict, approving the SSED project district development plan and determining to create an economic dev project district for purposes of sales TIF

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project area of which the district will be a part. The district is also being created to assist in the master planning and financing for all aspects of the proposed redevelopment and development of this project district. In addition to being located within the SSDA tax increment finance allocation area, a sales tax increment finance allocation area will be established to aid in the redevelopment of the three project district sub - districts. The following section provides additional information on the area and district - wide history, conditions and trends. A. Project District History As residential development began to move south out of the central city in the post war era, a commercial shopping corridor was set aside and planned for the growing south side population. As was the common planning practice for metropolitan areas in the Post -War era, the South Bend /Mishawaka /Elkhart area proposed to develop a bypass "expressway" roadway system on the south side of the cities to provide connectivity to the three population centers and ultimately connect at the west and east with the new East/West Interstate Roadway System being developed along the northern part of the state and throughout the United States. An unintended by- product of this "bypass plan" was that it set a growth boundary for the south side development of South Bend and allowed for the commercial node planned along Ireland Road east of Michigan Street to became a major regional retail commercial node. The Broadmoor Shopping Plaza, on the northeast corner of Miami & Ireland opened for business in 1954 with 17 stores and 450 parking spaces. In 1966, a conceptual development plan was presented for the southeast corner of Miami & Ireland showing a development plan for a 521,000 sq ft, all year, comfort- controlled shopping center that would serve as the first regional, multi- county, enclosed shopping mall. After a 5 Y2 year delay fighting the State Highway Department on the alignment plans for the proposed bypass, Scottsdale Mall opened on August 1, 1973, with a total of 102 stores spaces including three major anchor tenant facilities. As a parallel to the south side development, a second, larger regional mall concept was developed in a greenfield area on Grape Road in an area recently annexed by Mishawaka. In 1979, University Park Mall opened at the intersection of Grape Road and Cleveland Road. Over the course of the next 25 years, the Ireland Road Commercial Corridor experienced limited growth due to the lack of available vacant land and the development of the Scottsdale residential subdivision immediately adjacent to the Scottsdale Mall. The Erskine Plaza development was built in 1989 and a variety of smaller, single retail box 12