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South Bend Redevelopment Commission <br />Regular Meeting - May 21, 1993 <br />6. NEW BUSINESS (Cont.) <br />a. continued... <br />asking for private investors to come into the <br />central city and inner city to make <br />investments all the time when we're trying to <br />sell those areas. I think it would be <br />detrimental to that marketing effort, in terms <br />of trying to attract private investment, to have <br />public investment flee the inner city— whether <br />it's the IVY Tech campus or Riley, in <br />whatever form, at that location. So we think <br />it's critical that the public institutions step <br />forward along with the private sector and say, <br />"We're making an investment in the inner <br />city." And that's the only connection in <br />terms of the educational aspect. <br />MR. MORRISON: I guess my point is <br />whether that's a theory that's developed here <br />locally: we don't have a precedent somewhere <br />else? <br />MRS. KOLATA: I think there probably is a <br />precedent in another part of the country. I <br />just am not familiar with. And certainly <br />having public agencies invest in <br />redevelopment areas, I can just tell you, <br />without knowing specific examples, I am sure <br />that has happened in numerous places. <br />MR. HUNT: Most of them have been higher <br />education— University of Marquette, <br />Milwaukee. I think you find major public <br />hospitals will end up being part of a <br />redevelopment plan in a city. But not locally, <br />no. This is a first. <br />-33- <br />