Laserfiche WebLink
South Bend Redevelopment Commission <br />Ugular Meeting - February 4, 1994 <br />6. NEW BUSINESS (Cont.) <br />c. continued... <br />overcome by the normal development <br />process. <br />2. The portion of the Area designated as the <br />Rum Village Industrial Park (Expansion <br />Area), described at II. B. of the second <br />Whereas clause of Resolution No. 1207 is <br />blighted due to lack of development, <br />cessation of growth, and obsolescence of <br />industrial facilities. Currently, this <br />portion of the Area contains a 360,000 <br />square foot manufacturing building that is <br />not used for manufacturing and is only <br />used for storage. Numerous railroad <br />rights of way through the area create <br />problems for future development because <br />of difficult access to buildings and poor <br />internal road circulation. Deterrents to <br />development also include the unstable <br />soils found in the Expansion Area. <br />B. In the Portion of the Area previously <br />designated as the Studebaker Corridor <br />Development Area, described at I.C. , of <br />the second Whereas clause of Resolution <br />No. 1207: <br />Currently, 44.0% of the total building <br />floor area in the Studebaker Corridor <br />Plant Complex is vacant. Of the <br />remaining 56.0% of floor area that is <br />occupied, the majority is under utilized as <br />storage and warehousing. Although the <br />percentage of total building floor area that <br />is vacant is less than the 48.6% found <br />vacant in 1986, its significance is not <br />-17- <br />