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development areas and will be of the utmost importance in this project. <br />By using the tax increment generated by new development, the City <br />will be in a position to provide the necessary capital improvements to <br />spur the future growth and development of this Area and the South <br />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 <br />attached 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 <br />the creation of developable sites. <br />2. To stimulate new, private development and investment in the <br />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 N ichiana Regional Airport. <br />7. To stimulate increased use and growth of the N ichiana Regional <br />Airport. <br />8. To increase user traffic for the Indiana Toll Road, specifically Exit 72. <br />