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South Bend Redevelopment Commission <br />Regular Meeting —April 10, 2012 <br />four core principles - - Space, Power <br />Connectivity, and Innovation. <br />The first phase of the project covered power <br />and connectivity. The Commission was <br />asked to participate in an extension of <br />conduits that would bring power to the site to <br />allow for new development to occur in the <br />Ivy Tower building. The Commission was <br />also asked to partner in the vacation of <br />United Drive to allow the connectivity <br />between the north side of the tracks and the <br />south side. Phase II of the project, being <br />considered today, is the Space aspect. <br />As the Union Station Technology Center <br />grows to capacity, the next logistical step is <br />to acquire more land and space adjacent to <br />the rail corridor to grow the technology <br />center. The Renaissance District project <br />contemplates the acquisition and repurposing <br />of the Ivy Tower complex and the former <br />Millennium Environmental property, both <br />located south of the tracks, for expanded <br />technology center purposes. The total <br />developable square footage between the <br />Union Station facility, the Ivy Tower <br />complex and additional new construction on <br />the site would be over 1.3 million square feet <br />of space. Additional land and buildings <br />could be added to the district and there could <br />even be a long -term push to expand <br />connectivity of the Renaissance District into <br />the Ignition Park campus. <br />Mr. Smith further explained the Phase II <br />portion of the project. He stressed how <br />important it was to move the power <br />component forward because that was <br />essential before he'd consider the space <br />portion of the project. USTC had to have the <br />power because Union Station is <br />Z <br />