RM 05-02-80 - Laserfiche WebLink

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