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Chicago's median price was $263,300 and Indianapolis stood at $125,900. South Bend's <br />ACCRA cost of living index for the second quarter of 2005 was 97.8. A further breakdown of <br />South Bend's cost of living index for this period was as follows: grocery items - 87.8; housing <br />costs - 102.8; utilities - 103.8; transportation - 97.1; health care - 97.9; and miscellaneous goods <br />and services - 97.9. <br />The City of South Bend continues to place high emphasis on a growing and diversified local <br />economy. It has been active in developing ten industrial parks, offering itself as aloes-cost <br />alternative to the Chicago metropolitan area to companies engaged in light manufacturing, <br />distribution and services. More than 240 businesses operate in South Bend's industrial parks, <br />including companies engaged in metalworking, plastics, warehousing and distribution, and <br />professional services. <br />The South Bend Community School Corporation serves the entire City and some of the <br />surrounding area and has a current enrollment of approximately 21,797 students in grades <br />l~indergarten through high school. An estimated 4,441 students attend private ar parochial <br />schools within the City. The ten institutions of higher education and technical training located <br />within the South Bend area have a total enrollment of approximately 32,379. Over the years, the <br />University of Notre Dame has provided a stabilizing influence on the economy with a very <br />significant economic impact upon the community. <br />South Bend has continued to progress in its growth since 1842, when Father Edward Sorui <br />named his rustic log chapel "Notre Dame du Lac" and began to teach the local Indians. Today, <br />the chapel has grown into the University ofNotre Dame. In 1852, H.C. Studebaker started the <br />industry of making wagons and horse drawn buggies that evolved into the manufacturing of the <br />Studebaker automobile. It made the name Studebaker synonymous with the area of South Bend. <br />Another industrial firm that would later become the area's largest began in 1923 when Vincent <br />Bendix began manufacturing automotive brakes. Iri 1929, the company became the Bendix <br />Aviation Corporation, and now, as Honeywell (formerly AlliedSignal Inc.), is a leading <br />manufacturer of automotive and aerospace products. <br />Other special attractions within the South Bend area include the Olympic-class East Race <br />Waterway and the East Bank area; the newly renovated Morris Performing Arts Center, which <br />provides for the Broadway Theater League, the South Bend Symphony Orchestra with the <br />Chamber and Pops Orchestras and the Southold Dance Theater and Patchwork Dance Company; <br />the South Bend Civic Theater; the Studebaker National Museum; the South Bend Regional <br />Museum of Art; the Snite Museum of Art at Notre Darne; the Northern Indiana Center far <br />History; Copshaholm/The Oliver Mansion; the College Football Hall of Fame; Century Center; <br />Potawatomi Zoo; the Morris ConservatorylMuessel-Ellison Tropical Gardens; Heaithworks! <br />Kids Museum; the Farmers' Market; the Belleville Softball Complex; the Firefly Performing <br />Arts Festival. The Coveleski Regional Baseball Stadium, a 5,000-seat facility which opened in <br />1987, is rated among the best in minor league baseball. It had record crowds during its seasons <br />of play with the South Bend Silver Hawks, a minor league team of the Chicago White Sox up to <br />the 1997 season. During 1997, the City signed an with the Arizona Diamondbacks and looks <br />forward to continued success with its program. <br />Additional miscellaneous information about the City of South Bend can be found at the end of <br />vi <br />