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SOUTH $END REDEVELOPMENT COMMISSION SPECIAL MEETING: July 10, 1975 Paqe 16. Mr. Schrager said, "The important part that I want to make is that I think you people have done great, but let's not fool around and lose all the bids; let's get something and grab that football and move forward even though it is not perfect. It would be wonderful if we could see some construction start NOW, not a year from now- - or two years from now. If you wait until everything is perfect, maybe we'll all be gone::. So, let's get rolling, as was pointed out by Wayne, you may change the land use, and double or triple the price and the end will be...you will end up with NOTHING!" Maybe this isn't perfect, but I you people aught to give serious consideration... sell that land... get the money in... reduce your notes... cut down your interests.., let those people start build- ing and start paying some taxes." President Nimtz stated, "Allen, I agree with you entirely. I can assure you we have been spending many, many hours per day, including myself, on this matter." Mr. Medlock stated, "I want to correct Allan's impression that no one came forward on this, because last April--after waiting for I don't know for how many years and no interest being expressed- - International Constructors did come forward and request the land use change and later asked they be put up for bids. Maybe that's why he got the wrong impression; he talks and then doesn't listen. We requested the change be made and put up for bid. It was not put up for bid. We did go to all the people who had previously expressed an interest in Block 6 - -we went to Associates; we went to the St. Joseph Bank and asked them if they had an interest and indicated to them in advance what we were going to do. In both cases, we were advised they did not - -as of that time- -have any interest in becoming a part of our bid, or in competing for the land. So, we proceeded naively feeling that we were the only ones, and aggressively re- quested the land use change back in April. So, at this point, I think what you are looking at is a bid that was a result of our having asked it be put up for bid, and the decision for the Commission to put it up for bid, prior to the re- zoning is their own, and I presume for good reasons. In terms of prejudicing the future bids on this, I can't imagine a re- appraisal of this to accommodate our proposal that will price it out of realistic terms for the development that we are asking for. One other thing, in all of this discussion, no one has commented on the utilization of the Century Center. It's as though it didn't exist. And we are going to spend $12 -1/2 Million, and then we are going to ask people from all over the country to come, and they won't come to South Bend if they 'won't have a motel or a restaurant, or some place to go in connection with the Century Center activities." Mr. Schrager directed his question to Mr. Medlock: "Now with the Travel Lodge having 60% occupancy - -the Travel Lodge across from the hotel; the Royal Inn 35 %; the Sheratin less than 40%; and the Albert Pick less than 50%- -you tell me, how are you going to fill this one up ?" Mr. Medlock said the same way as they are in twelve other communities where they have the same kind of occupancies -- Ramada's, Royal Inn's, Holiday Inn's, Pick's, etc. Their statistics of the Midway Motor