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South Bend Redevelopment Commission <br />Regular Meeting —May 31, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(1) continued... <br />property needed now to build a substation to <br />power right now the Renaissance District. <br />Could it become a shared substation? Yes. <br />Mr. Davis noted that the Commission just <br />spent $2.2 million for the Renaissance <br />District to become reality. He asked whether <br />these costs were included in that plan. Mr. <br />Schalliol responded that Phase I of the <br />Renaissance District plan included building a <br />substation. <br />Mr. Varner asked the cost of expanding the <br />substation at the Main and Lafayette will be <br />borne by AEP. Mr. Schalliol's response <br />was that some of it will be private dollars and <br />some from AEP. <br />Mr. Davis asked whether Ignition Park or the <br />Renaissance District is the priority now for <br />funding. He would like to see a prioritized <br />list because he believes there is going to be a <br />competition for funds. <br />Ms. Kolata noted that there has long been a <br />plan for the entire Studebaker Corridor, <br />addressing Areas A, B, and C. Area A is the <br />area we've cleared for Ignition Park; Area B <br />is the area north of Sample St.; and Area C is <br />the Oliver Industrial Park. The plan for Area <br />B recognized that the Ivy Tower building <br />was going to be expensive to demolish, but <br />difficult to find a user who would rehab it. <br />And the cleared land, if it was demolished, <br />would not be a reasonably sized development <br />parcel. <br />13 <br />