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No. 1154 modifying/confirming Resolution No. 1151 designating the SEDA, delaring the SEDA to be blighted, approving a dev. plan/conditions under which relocation payments will be made, establishing an allocation area for purposes of TIF
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No. 1154 modifying/confirming Resolution No. 1151 designating the SEDA, delaring the SEDA to be blighted, approving a dev. plan/conditions under which relocation payments will be made, establishing an allocation area for purposes of TIF
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historically, and functionally connected by the Sample Street - Indiana Avenue <br />Industrial District. At one time these three sub -areas composed the industrial core of <br />South Bend and the Michiana region. The merger of these two major industrial <br />redevelopment areas naturally forms the expanded Sample -Ewing Development Area <br />by joining the two adjacent neighborhoods, the large industrial corridor between <br />' Sample Street and Indiana Avenue, and the major South Gateway commercial corridor <br />of Michigan Street (South Gateway corridor). <br />The Rum Village Industrial Park contains approximately 412 acres of <br />industrially zoned land located at the western edge of the new development area. The <br />area was declared a redevelopment /tax increment allocation area in 1981. Federal <br />funds were used to build the necessary infrastructure to accommodate industrial <br />development and expansion projects. Some successes have been achieved, most <br />notably the New Energy ethanol plant, Airco's carbon dioxide plant and the expansion <br />of Steel Warehouse. <br />The second redevelopment area that will be merged with the Rum Village <br />Industrial Park is the Studebaker Corridor Development Area. This 220 acre project <br />area was declared a redevelopment /tax increment allocation area in 1986. In 1990 the <br />Redevelopment Commission sold a general obligation bond for the first phase of <br />acquisition, clearance, site assemblage and public improvement activities. Since that <br />Af' time, a significant amount of redevelopment has taken place and cleared land is now <br />ready for sale in the Corridor. The Studebaker Corridor is immediately south of the <br />downtown and lies within the center of the Sample -Ewing Development Area. <br />The third sub -area is the large industrial corridor between Sample Street and <br />Indiana Avenue. The Sample- Indiana sub -area contains the majority of the heavy <br />industrial users of the community, including a vacant, thirty -five (35) acre industrial <br />complex. <br />The Southeast and Rum Village Neighborhoods are historically, economically <br />and functionally integrated with the surrounding industrial areas. The two <br />neighborhood areas have both been community development target areas and targeted <br />for a variety of federally funded housing, code enforcement and public improvement <br />tprograms. Though the amount of federal resources targeted to both neighborhoods <br />has risen and fallen through the years. both neighborhoods are still within the city's <br />"neighborhood revitalization area. " <br />Primarily residential in nature, each neighborhood has suffered differing degrees <br />Ir of what is now the classic inner -city process of deterioration and decline. However, <br />it is obvious that the southeast neighborhood has undergone a much greater physical, <br />social, and economic decline than the Rum Village Neighborhood, in part, purely due <br />' -7- <br />} 5/21/93 <br />
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