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South Bend evelopment Caamnission <br />Special Mee ing - January 2, 1991 <br />6. NEW MS$NESS (Cont.) <br />a. con inuea... <br />achieve this, however, the <br />Redevelopment Camnission and the City <br />of South Bend must be able to provide <br />the necessary public improvements to <br />make the site suitable for new <br />develcpmment. <br />6. It is expected that the development <br />of this Area will also: <br />- Provide new space for the expansion <br />of the existing Airport Industrial <br />Park, as well as other South Bend <br />businesses. <br />- Improve roadway access and <br />circulation in the northwest <br />portion of the City, surrounding <br />the Michiana Regional Airport. <br />- Stimulate increased use and growth <br />of the Michiana Regional Airport. <br />- Increase user traffic for the <br />Indiana Toll road, specifically <br />Exit 72. <br />- Increase use of the South Shore <br />Railroad (when relocated to the <br />Michiana Regional Airport). <br />7. It may be necessary to relocate an <br />electric power transmission line <br />which crosses the Area. <br />8. It is expected that the development <br />of this Area will create <br />approximately 4,712 new jobs, <br />generate about $422,036,000 in new <br />private investment and increase the <br />City's assessed value by $84,358,000. <br />Ms. Auburn asked if there was any <br />obj ion to entering into the record the <br />F' of Fact for the Airport Economic <br />Development Area. There were no <br />ubj ions and it was so entered. <br />-5- <br />