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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 />