RM 01-10-86 - Laserfiche WebLink

Home Browse Search

South Bend Regular MeE elopment Conmdssion - January 10, 1986 6. NEW BUSINESS (Cont.) b. Cor)tinued.. . Area B is characterized by vacant land, underutilized buildings, and some =rical and industrial use. Sore of the strengths of the Studebaker Corridor Development Area include the fact th t it is located in the center of St. Joseph Co ty and near several sub -areas of the South Bend Central Development, namely the Central Business District, Monroe Park and the East Bark. The area has good highway and rail access, and there is also high level utility se ice located nearby. The area is located within the Urban Enterprise Zone, and thus can take advantage of supportive services and incentives provided by the enterprise zone le islation and the Urban Enterprise Association. Finally, there are large amounts of vacant land as well as vacant buildings arEOS. The staff recommends the Studebaker Corridor be declared a redevelopment area and a tax allocation area so tax increment financinq will be available for the area. Disadvantages to the Studebaker Corridor Development Area are that there are many large, vacant, and deteriorated buildings,.a generally poor environmental condition throughout the area, and a rather poor in erior circulation system. TM major redevelopment strategy outlined in th development plan consists of three options which can be taken in conjunction with each other, incrementally or separately. The first op ion would be the creation of a light u industrial park in the area adjacent to the main plant complex. The second option would be the identification and development of key developable sites in the main plant area. Firally, the third option would be the re evelopment of the north section of the main plant complex. There are approximately five million square feet of building space. Mri Hunt noted that this is the first step in a onq revitaliation effort for the area. -5-