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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 /> The Renaissance District project reuses the <br /> building for at a commitment cost to the city <br /> of much less than it would have cost the city <br /> to acquire and demolish it. As has been <br /> noted previously, the Renaissance District <br /> project requires a lot more electrical power <br /> than is currently available in that area, so part <br /> of the city's commitment to the project is to <br /> provide access to the necessary power. <br /> Hamilton Body Shop owns a parcel on the <br /> north side of Sample that would be a good <br /> site for a new AEP substation. We have long <br /> wanted to acquire the Hamilton Body Shop <br /> properties on the south side of Sample, but <br /> were unable to find a location for Hamilton <br /> that they would find acceptable. Now, <br /> however, Hamilton would like to sell all of <br /> these properties in one transaction and will <br /> take on itself the responsibility for finding a <br /> new location. <br /> Ms. Kolata stressed that the purchase of <br /> Hamilton Towing and the acquisition of its <br /> lot north of Sample is not random. It is the <br /> dovetailing of solutions to at least two <br /> difficult portions of the plans for Studebaker <br /> Areas A and B. It is not that the city is <br /> spending money and this is something new; it <br /> is that we now have solutions for two <br /> problems we didn't know how to solve, and <br /> the cost will be substantially less than it <br /> might have been. <br /> Mr. Davis said that was not the point of his <br /> question. He feels that we are spending <br /> money we are moving ahead without a clear <br /> 14 <br />