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No. 0971 confirming a resolution amending Resolution No. 919 to expand the AEDA and amend the economic development plan for the AEDA (2)
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No. 0971 confirming a resolution amending Resolution No. 919 to expand the AEDA and amend the economic development plan for the AEDA (2)
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10/18/2012 3:04:37 PM
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6. It is expected that the development of this Area will also: <br />Provide new space for the expansion of the existing <br />Airport Industrial Park, as well as other South Bend <br />businesses. <br />- Improve roadway access and circulation in the northwest <br />portion of the City, surrounding the Michiana Regional <br />Airport. <br />- Stimulate increased use and growth of the Michiana <br />Regional Airport. <br />- Increase user traffic for the Indiana Toll road, <br />specifically Exit 72. <br />- Increase use of the South Shore Railroad (when relocated <br />to the Michiana Regional Airport). <br />7. It may be necessary to relocate an electric power transmission <br />line which crosses the Area. <br />8. It is expected that the development of this Area will create <br />approximately 4,712 new jobs, generate about $422,036,000 in <br />new private investment and increase the City's assessed value <br />by $84,358,000. <br />cp/ f indfact <br />
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