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No. 1545 making certain technical corrections to resolution No. 1349 and expanding the allocation area for purposes of TIF and amending the AEDA development plan
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No. 1545 making certain technical corrections to resolution No. 1349 and expanding the allocation area for purposes of TIF and amending the AEDA development plan
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J • <br />the necessary capital improvements to spur the future growth and <br />development of this Area and the South Bend community as a whole. <br />DESCRIPTION OF PROJECT <br />Boundaries of the Airport Economic Development Area <br />The boundaries of the Airport Economic Development Area are attached <br />as Exhibit "A ". <br />Goals and Objectives <br />Goals and objectives for the economic development of the Airport <br />Economic Development Area are: <br />1. To stimulate the development of currently vacant land through the <br />creation of developable sites. <br />2. To stimulate new, private development and investment in the Area. <br />3. To increase and diversify the City's tax base. <br />4. To create a significant number of new job opportunities for the <br />citizens of South Bend. <br />5. To provide new space for the expansion of the existing Airport <br />Industrial Park, as well as other South Bend businesses. <br />6. To improve roadway access and circulation in the northwest <br />portion of the City, surrounding the Michiana Regional Airport. <br />7. To stimulate increased use and growth of the Michiana Regional <br />Airport. <br />8. To increase user traffic for the Indiana Toll Road, specifically Exit 72. <br />2 <br />
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