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