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South Bend Redevelopment Commission <br /> Regular Meeting—December 13, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> B. South Bend Central Development Area <br /> (1) continued... <br /> Stadium Use Management and Operation <br /> Agreement has already been approved and <br /> executed by the South Bend Park Board and <br /> himself. The document also requires <br /> Commission approval, in part because the <br /> new owners are asking for additional <br /> improvements to the stadium. The recent <br /> improvements to the stadium are spectacular, <br /> have made a tremendous difference for the <br /> viewing fans and allow us to use the stadium <br /> more frequently for other types of events. <br /> The Agreement outlines what those <br /> improvements will be. The prospective <br /> buyers will also make a substantial private <br /> investment. Mayor Luecke noted that <br /> Coveleski Stadium has been an anchor for <br /> downtown South Bend. It is anticipated that <br /> increased attendance at games and other <br /> events will spur additional development in <br /> the area. These improvements conform to <br /> the master plan for downtown. <br /> Mr. Kernan noted that six years ago he put <br /> together a group of local investors for the <br /> purpose of keeping the Silver Hawks in <br /> South Bend. They have accomplished that <br /> mission. The team has not been financially <br /> sustainable, so Mr. Kernan began looking for <br /> new investors. Mr. Berlin was introduced to <br /> him by a mutual friend. After some <br /> discussion, Mr. Berlin became interested in <br /> purchasing the team outright. Following <br /> approval of this Agreement by the <br /> Commission, Mr. Berlin and his company <br /> will be applying formally to baseball league <br /> for its approval, a three step process: <br /> 6 <br />