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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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Olive- Sample overpass. Spur lines cut through many of the light <br />industrial and warehouse areas of the Sample -Ewing Development <br />Area. And, because the Sample -Ewing Development Area is not cut by <br />the St. Joseph River, bridges and street patterns interrupted by the river <br />are not part of the Sample -Ewing Development Area's circulation <br />system. <br />F. DEMOGRAPHICS <br />Census data helps to provide a clear indication of the decline in the <br />neighborhoods surrounding the major sources of employment in the city for the <br />decade between 1980 and 1990. Further historical research traces the origins of the <br />decline to the immediate post war period. The spiral of population loss, lowered <br />relative incomes of the residual residential population, lowering housing quality and <br />eventual decreases in the housing inventory is clearly evident. <br />DEMOGRAPHICS <br />1970 <br />1980 <br />1990 <br />Population <br />15,653 <br />11,798 <br />10,737 <br />% of City Total <br />12.5 <br />10.8 <br />10.2 <br />Number of Housing Units <br />5,590 <br />4,773 <br />4,390 <br />% of City Total <br />12.9 <br />10.7 <br />9.6 <br />Median Home Value <br />$7,970 <br />$15,924 <br />$22,049 <br />% of City Median <br />64.0 <br />61.3 <br />54.7 <br />Median Household Income <br />$8,728 <br />$11,871 <br />$18,648 <br />% of City Median <br />85.3 <br />75.7 <br />77.3 <br />As the above chart shows, there has been a continuing decline in the subject <br />area over at least the past two decades. Even though the City's population has <br />declined, the project area's population has declined even further. With respect to <br />housing units, the total within the project area has declined at an even faster rate. <br />As would be expected, both housing values and household incomes fell during <br />those 20 years. As various measures of inflation would indicate, neither values nor <br />incomes kept pace with inflation. The figures for the subject area indicate that even <br />-14- <br />5/21/93 <br />11 <br />
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