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RM 05-02-80
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RM 05-02-80
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South B�nd Redevelopment Commission <br />Regular Meeting - May 2, 1980 <br />6. NEW (BUSINESS <br />g. continued ..... <br />Cira: It is very difficult to get <br />two tied in on one location. I would <br />k that it has to be one or the other. <br />Mr. Ellison: Not really. We have had a <br />housing proposal on the so called Mill Race <br />site, north of LaSalle. It is our <br />perception that the private sector sees <br />the area as desirable for both. Also, <br />based on the relationship of existing <br />structures, we think there are going to <br />be some opportunities for a combination <br />of housing and commercial use within the <br />same structure. The I &M building is <br />probably the best example of what might <br />likely occur. <br />Ms. Auburn: At some point in time we <br />are going to look at the proposed. <br />ors. Kolata: Yes. Probably by the <br />niddle of August or end of August we <br />will be prepared to have our declaratory <br />resolution on this area, that is what we <br />are looking at. <br />Y1r. Nimtz: Mr. Robinson, to answer your <br />questions concerning money, I have been <br />neeting with the staff on this preliminary <br />and as Mrs. Kolata says, we have the money <br />to take down for our part of this thing. <br />Together with that and the interest we <br />have displayed to the people we know <br />what is going on there now, plus the <br />Dther interest we have had displayed, and <br />the rumors we have been getting, unless <br />Are get into a deep recession, I think that <br />is going to be the next area that will <br />3egin moving, and although the opening of the <br />East Race is going to be a tremendous <br />job (I guess it is going to be quite <br />Dxpensive) because concrete was dumped <br />in there when they filled it up. That <br />nay be some time coming but I think the <br />project, itself, because of what we have <br />and the interest that has been displayed <br />is about to take off. Don't you agree <br />qr. Ellison? <br />-20- <br />
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