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South Bend edevelopment Commission <br />Regular Mee ing —July 11, 1980 <br />5. OLD BUS <br />a. continued.... <br />Mr. Cira: What you are really saying is <br />that you have $4 million invested and <br />that there is no backing out. <br />Mr. Ellison: That is correct. Basically, <br />it is the cost of the acquisition, the <br />ref cation, and the plans to take place. <br />That is a lot of public confidence that <br />the project will in fact happen. Certainly <br />the Commission's actions today will help <br />to turther demonstrate that. <br />Mr. Nimtz: We have Mr. Loosbrock here from <br />Gru Associates who might have a few words <br />to say. <br />Mr. Loosbrock: I think that it has been <br />pretty well covered. Our association with <br />the project will, I think, help to carry <br />the project even a step further. Our working <br />with Baird & Warner will help to reflect <br />attitudes and opinions regarding any <br />suggestions that they might have, <br />with certain limitations. We would then <br />establish all of these systems for the <br />project as a whole and then it could be <br />bro en down into various parts. <br />Mr. Ellison: I might add to Mr. Loosbrock's <br />coiments that there is a bit of urgency now <br />because one of the intimate actors in the <br />project (the Public Transportation Corporation) <br />as you know has submitted its application <br />for the Transit Terminal related portion of the <br />project. Since that would sit on top of the below <br />grade parking garage, which needs to be refined <br />froir a standpoint, it is critically important <br />that we take the steps of contracting with <br />Bai d $ Warner and also, under a later item <br />on the agenda, execute another contract with <br />Gruen to permit us to be in a position so <br />that we do not hinder Transpo's effort with <br />respect to the overall project. <br />12 <br />