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No. 0986 expanding boundaries of Studebaker Corridor Development Area, expanding allocation area for purposes of TIF and amending the Studebaker Corridor Development Area Development Plan
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No. 0986 expanding boundaries of Studebaker Corridor Development Area, expanding allocation area for purposes of TIF and amending the Studebaker Corridor Development Area Development Plan
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IV. REDEVELOPMENT OPTIONS <br />Light Industrial Park <br />One major option would be the redevelopment of land adjacent to <br />the main plant complex. For the purposes of discussion, this area is <br />divided into two smaller sub -areas based on existing land uses and <br />suitability for future redevelopment as a light industrial park. <br />Sub -area A, bounded by Sample on the north, the alley running <br />north -south between Main and Lafayette on the east, Indiana Avenue <br />on the south and Franklin Street on the west, is adjacent to the <br />main plant complex and has the most vacant and under - utilized land <br />and buildings. <br />The land use in this sub -area is mixed. Residential <br />structures, vacant lots, commercial and light industrial uses <br />dominate. The condition of the majority of the residences is poor. <br />These conditions, coupled with an industrial- oriented zoning, makes <br />this sub -area suitable for new light industrial development. The <br />ongoing deterioration of this sub -area is of prime concern to owners <br />and tenants. Several vacant land parcels in this sub -area have <br />already been acquired by adjacent users. If this process could be <br />hastened by municipal assistance, this sub -area could be used for <br />expansion and new development while arresting its growing blight and <br />undesirability. <br />Sub -area B, bounded by Sample on the north, the north -south <br />alley between Main and Michigan on the east, Indiana on the south <br />and the alley between Main and Lafayette on the west, is a <br />predominantly commercial and light industrial area with small <br />concentrations of residences and several large, vacant land parcels. <br />The relatively large size of the commercial structures, as well as <br />their generally good physical condition, make retention and <br />expansion of this sub - area's existing land use a viable strategy. <br />Particular attention should be given to the 1100 -1300 blocks of <br />S. Main where there are several laroe parcels of vacant land <br />suitable for redevelopment. Likewise, the 1000 block of S. Main has <br />several Darcels of land welch are either vacant or under - utilized. <br />The Drime location of this land, along a major thoroughfare, makes <br />.t a good area for new development and /or expansion. <br />Sub -Area C, bounded by the railroad tracks on the north, the west <br />right -of -way line of Michigan Street on the east, Indiana Avenue on <br />the south and the North -South alley between Main and Michigan <br />Streets on the west. This area is a predominantly commercial area <br />to with some light industrial areas interspersed. There are scattered <br />vacant buildings and vacant land parcels in this sub -area as well. <br />The 1100, 1200 and 1300 blocks of South Michigan show the greatest <br />potential for redevelopment within this sub -area. The amount of <br />vacant land and- under - utilized buildings could be acquired through <br />the redevelopment process and packaged along with similar property <br />west of the alley to create viable sites for development. In <br />addition, such a strategy would help stabilize a large section of <br />South Michigan street, one of the City's prime in -town commercial <br />areas. <br />-11- 1/10/86 <br />Revised 4/12/91 <br />
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