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RM 05-21-93
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RM 05-21-93
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South Bend Redevelopment Commission <br />Regular Meeting - May 21, 1993 <br />6 NEW BUSINESS (Cont.) <br />a. continued... <br />Redevelopment Area is vacant. In Sub Areas <br />A, B, and C adjacent to the main plant <br />complex (as designated in the Plan for the <br />Studebaker Corridor Development Area), <br />37.1 % of the land is currently vacant. <br />4. As part of the ongoing efforts of <br />redevelopment in the Studebaker Corridor <br />Development Area, over 26 acres of land is <br />available for new development. In <br />preparing these sites for disposition, <br />significant investment has been made by the <br />Commission in this area through <br />acquisition costs, relocation payments, <br />environmental remediation activities, and <br />demolition. Presently, five sites have been <br />sold. Capital improvements such as <br />sidewalks, curbs and streetlights are <br />needed in the area in order to improve <br />circulation and upgrade existing inadequate <br />infrastructure. Due to the cost, the <br />provision of such public improvements will <br />not occur solely through the ordinary <br />operations of private enterprise. <br />C. In the portion of the Area designated as <br />Expansion Area No. 1, and described at <br />the fourth Whereas clause of Resolution <br />No. 1151: <br />1. In the period 1980 -1990 the United States <br />Bureau of Census data shows that <br />Expansion Area No. 1 (including Census <br />tracts 28, 29, 30, and most of 34), lost <br />more than 292 housing units, or 7.1 % of <br />the 1980 total. <br />-13- <br />
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