RM 07-06-79 - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Me ting - July 6, 1979 7. PROGRE�S REPORTS (continued) a. Mr. Nimtz: The Chair is pleased to present to you this morning Mr. Leo Molinaro, the President of Am rican City Corporation, which is a subsidiary of th Rouse Corporation and his associate Mr. Robert Bartolo. Mr. Molinaro: Your City retained our Company, which is the American City Corporation out of Columbia, Maryland, and did so back in September 1978 to make an analysis of what the market would and could be for the redevelopment and revitalization for certain kinds of uses in the down- town area. Our contract states that we would produce three specific products; and the first product would be a market analysis report. Mr. Chairman, this is now being completed, and being put' i n a form which will be available to you, because it is `a thick document and it is something wh ch we are going to summarize for you today. The second product is a retail center concept; a concept of how your retail area might be reconstituted to serve you better, and to do the kinds of things for you and your downtown that you want done, not necessarily things that someone else may think you want downtown, but the things you want to serve you. The third product, which is technical, is the arithmetic of how much things will cost, and in detail where those kinds of costs can be expected to come from. Our Company is called the Rouse Company, and it is a company wh ch operates primarily on the East Coast, but we have some on the West Coast and in Canada We have developed for forty years, and we have developed very large scale things as big as a whole new City between Baltimore and Washington, D. C. We have also developed something as small as one City block which deals with retail, office, etc. We are also mortgage bankers. The final decision rests with the people of South Bend if they want to go forward with something, or if they want to do something else. This is the platform on which you can start the development of your downtown. The final decision rests in the people of South Bend. Mr. Nimtz: I would like to introduce Mr. Robert Bartolo. He is a graduate of the University of Notre Dame, and well acquainted with places in our community. From there he weiit on to Yale and received his Masters Degree, so we are pleased to have him here this morning to make this Dr sentation. Mr si: to th Bartolo: I have been working in South Bend with a m of about six or eight people for the past five or months. When we first arrived in South Bend we ked to quite a range of people who were involved in s project. We talked to investors, bankers, merchants IM