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CITY OF SOUTH BEND I OFFICE OF THE CLERK what I was thinking about was you were at the presentation of the Century Center Board of Managers and what they would like to do ranges from $17.8 million to $60 million, or something like that. What kind of analysis goes into saying "Okay, where are we going to end up on that?" Mr. Parker replied, Yeah, so the Century Center Project is kind of in a league of its own in terms of the level of analysis and the types of analysis that need to go into that. I mean, there's a really more baseline analysis that needs to be done before we even get to what we talked about on what the vision is of what the Century Center can and should be. That needs to be done before we get to questions like, should it be $17 million? Should it be $20 million? $30 million? Should it be $40 million? That vision needs to drive everything. I don't know if that vision has been defined or at least been agreed upon by all important parties. So, I think that's the work that needs to be done and is being done right now, to bring on board all the affected parties. Committeemember Voorde stated,That is a fundamental change, changing what was conceived of and built as more of a community event center, to a pure convention center where all you're looking for all the time is lease space. Mr. Parker replied, What's being done right now is trying to pull all the stakeholders together and say, "Let's develop a vision that we all agree on with what this can and should be. Committeemember Voorde followed up, How about South Shore? Mr. Parker relied CenturyCenter and the South Shore are kind of the same category. are p � They just kind of outside of everything else that we're doing because they're so big, and they take such a well-grounded vision and participation from so many different stakeholders. It can't be the City of South Bend saying "Hey, this is what we're going to do with the Century Center" or the City of South Bend saying, "Here's what we're going to do on the South Shore." It needs to be multiple entities, cities, counties, everybody coming together and saying we rally around a vision,we agree with that vision, and here's what we can do to try to support and finance that vision. And I think that both of those projects are in the stages of bringing stakeholders to the table and figuring out what they should be and what they want them to be, and that's the necessary discussion before you get to financing. Committeemember Voorde followed up, Sometimes it's hard to measure the benefits because of all the things that could possibly happen afterwards. Hard to measure might be a good thing. Mr. Dunn interjected, Well, it's like you say, you want the stakeholders to review this, but those visions really are a lot of faith. And I hesitate to say it, but maybe to some extent, blind faith. We know that we will spend $100 million on our new railroad station that's going to pump all these millions into the economy, but we can't tell you exactly where those dollars are coming from, where they're going, and how in the heck we measure them halfway. Mr. Parker replied, And all I can say to that is that,just like you would with any investment you make personally, we do the analysis to try to see if the investments that we make are going to pay off, and nobody can predict the future no more than I can say "Hey, you should buy this stock or that stock", but we can say "Hey, this is what is likely to happen if we make these investments." EXCELLENCE ACCOUNTABILITY INNOVATION I INCLUSION EMPOWERMENT 455 County-City Building'227W Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f 574.235.9173 TTD 574.235.5567 www.southbendin.gov 22