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No. 0737 designating SBCDA, declaring SBCDA to be blighted, approving development plan/conditions which relocation pmts. will be made, establishing allocation area for purposes of TIF
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No. 0737 designating SBCDA, declaring SBCDA to be blighted, approving development plan/conditions which relocation pmts. will be made, establishing allocation area for purposes of TIF
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10/18/2012 3:48:38 PM
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8/7/2012 12:30:27 PM
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1 <br />C <br />1 <br />1 <br />1 <br />1 <br />1 <br />it <br />�1 <br />S -1 <br />, 56 �9691- <br />The Monroe Park neighborhood began to decline during the 1950's <br />and this decline accelerated during the 1960's and 1970's. This <br />period was marked by a loss in population, a loss in the number of <br />housing units and an increase in the number of non - residential uses <br />occurring in the neighborhood. In 1981 the area was declared a <br />redevelopment area and a number of activities were begun to clearly <br />identify residential, industrial and commercial portions of Monroe <br />Park. Since that time the Monroe Industrial Park has been largely <br />completed. This industrial park is comprised of several light <br />industrial businesses. At the same time housing programs in the <br />residential area have been undertaken in order to strengthen that <br />portion of the neighborhood. This has included moving five <br />residential structures into the neighborhood to fill in vacant lots. <br />Projects in both the residential and industrial portions of Monroe <br />Park have been designed to insure compatibility between the two <br />components of the neighborhood. <br />Future efforts in Monroe Park will concentrate on strengthening <br />the residential neighborhood, through rehabilitation of existing <br />houses and construction of new residential units. Monroe Park <br />contains two of the major entrances to the Central Business <br />District, Lincolnway East and South Michigan Street, and these will <br />be improved. A healthy residential neighborhood and light <br />industrial park will support the Central Business District and lead <br />to the strengthening of the entire Area. <br />1 -5- 5 -10 -85 <br />
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