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South Bend <br />Regular Me <br />6. NEW BU <br />h. co <br />elopment Commission <br />- March 8, 1991 <br />(Cont.) <br />A franchises. If one or both of <br />cities receive a Major League <br />ise, that would open up the <br />unity for one or two additional <br />League franchises and South Bend's <br />s would be higher. <br />Mr. Nussbaum showed the video <br />presentation made by Golden Dame <br />Productions which was a part of the <br />presentation to the Triple -A expansion <br />conz ttee. <br />Mr. Nussbaum noted that the decision on <br />how to expand the stadium was made based <br />on a desire to maintain the integrity of <br />this beautiful facility and the desire to <br />ensure that no tax dollars would be used <br />to finance the expansion. We believe the <br />J eased revenues generated by the <br />ion would provide the ability to <br />f' ce it without the Commission having <br />to evy a tax to pay for the expansion. <br />Mrs Kolata noted that the Redevelopment <br />Authority, as owner of the stadium, <br />passed a similar resolution at their <br />meeting this morning. We expect the <br />financing would be a lease /purchase bond <br />similar to the one used to refinance the <br />present stadium and the Commission would <br />be 1he lessee. The South Bend Common <br />Council would have to approve the lease. <br />Thai is why all three bodies need to <br />apu a the action. <br />Upor. a motion by Mr. Piasecki, seconded <br />by Dr. Donoho and unanimously carried, <br />the Commission approved Resolution No. <br />985 expressing its intent to expand <br />Starley Coveleski Regional Stadium for <br />the purpose of bringing a Triple -A <br />fra#dhise to the City of South Bend. <br />COMMISSION APPROVED RESOLUTION <br />NO. 985 EXPRESSING ITS INTENT TO <br />EXPAND STANLEY COVELESKI REGIONAL <br />STADIUM FOR THE PURPOSE OF <br />BRINGING A TRIPLE -A FRANCHISE TO <br />THE CITY OF SOUTH BEND <br />