No. 0762 designating Studebaker Corridor Dev. Area, declaring SCDA blighted, approving a dev. plan/conditions under which relocation pmts. will be made, and establishing allocation area for purposes of TIF

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IV. REDEVELOPMENT OPTIONS ts6`4~111 Light Industrial Park One major option would be the redevelopment of land adjacent to the main plant complex. For the purposes of discussion, this area is divided into two smaller sub -areas based on existing land uses and suitability for future redevelopment as a light industrial park. tSub -area A, bounded by Sample on the north, the alley running north -south between Main and Lafayette on the east, Indiana Avenue on the south and Franklin Street on the west, is adjacent to the main plant complex and has the most vacant and under - utilized land and buildings. The land use in this sub -area is mixed. Residential structures, vacant lots, commercial and light industrial uses dominate. The condition of the majority of the residences is poor. OF These conditions, coupled with an industrial - oriented zoning, makes this sub -area suitable for new light industrial development. The ongoing deterioration of this sub -area is of prime concern to owners and tenants. Several vacant land parcels in this sub -area have already been acquired by adjacent users. If this process could be hastened by municipal assistance, this sub -area could be used for expansion and new development while arresting its growing blight and undesirability. Sub -area B, bounded by Sample on the north, the north -south alley between Main and Michigan on the east, Indiana on the south and the alley between Main and Lafayette on the west, is a predominantly commercial and light industrial area with small concentrations of residences and several large, vacant land parcels. The relatively large size of the commercial structures, as well as their generally good physical condition, make retention and expansion of this sub - area's existing land use a viable strategy. Particular attention should be given to the 1100 -1300 blocks of S. Main where there are several large parcels of vacant land suitable for redevelopment. Likewise, the 1000 block of S. Main has several parcels of land which are either vacant or under - utilized. The prime location of this land, along a major thoroughfare, makes it a good area for new development and /or expansion. Developable Sites The second major option concerns the development of several sites in or near the north section (i.e., north of Sample Street) of the main plant complex. Four potential sites have been identified (see Map D) and are discussed below. A-11- 1/10/86