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No. 1058 expanding the boundaries of the AEDA, expanding the allocation area for purposes of TIF and amending the AEDA development plan
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No. 1058 expanding the boundaries of the AEDA, expanding the allocation area for purposes of TIF and amending the AEDA development plan
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10/18/2012 2:59:02 PM
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11/21/2011 2:21:15 PM
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8. To increase user traffic for the Indiana Toll Road, <br />specifically Exit 72. <br />9. To increase use of the South Shore Railroad (when <br />relocated to the Michiana Regional Airport). <br />C. Obstacles to Achieving the Economic Development Plan <br />Although the Airport Economic Development Area has the <br />potential to be a prime site for new growth, the economic <br />development plan for the Area cannot be achieved by regulatory <br />processes or by the ordinary operation of private enterprise <br />because of: <br />1. Lack of necessary public improvements in the Area, such <br />as: adequate internal circulation, utilities and other <br />infrastructure related to the orderly growth and <br />development of new commercial, office and light industrial <br />concerns. <br />2. Multiple and fragmented ownership of land, which makes the <br />assemblage of larger or contiguous parcels difficult. <br />-4- <br />
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