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April 1990, Page 7 • The area south of Sample street in the Corridor area is not a part of the city's plan for redevelopment. The Studebaker Foundry is not included in the bond issue, but it may be looked at later. The Fringe area is roughly bounded by Franklin St. to the west, Michigan St. to the east, Sample St. to the north, and Indiana to the south. Public works improvements will be performed throughout the project. The sewer lines, etc. already exist in this area, so the improvements will simply be a matter of upgrading. The Redevelopment Commission anticipates 450,000 square feet of developable space, $13.5 million in new investment, 900 new jobs, and $2.5 million added to the local tax base from the redevelopment of this area. The revitalization should also reinforce existing businesses in the area. The current plan proposes that all residential structures be cleared and all vacant lots purchased by the city. The Borden Building may be demolished because of its location near vacant lots, because of the proposed street widening, and because it has some hazzardous waste problems. Because of their location near large vacant or residential areas, a few • commercial and light industrial structures are also being considered for purchase and demolition. r� These acquisitions should yield half -acre to three - acre sites to accommodate small businesses. The city looks the keep the rest of the buildings as they are. Mr. Oxian asked that the Southern Hotel be saved for its architectural merit, and proposed that it be used as living quarters for transients, such as the former Broadway Hotel, or that it be upgraded to serve as a hotel in conjunction with new business in the area. Mr. Johnson of 734 N. Cushing asked why Code Enforcement cannot force factories and owners of larger buildings (such as the Standard Surplus Building) to fix up their buildings. Ms. Kolata stated that if the owners do not repair their buildings within the allotted time, the city must demolish them. The city's budget for demolition is not large enough to handle the expense of demolishing the larger buildings. Mr. Gunnar Jenson made a proposal to the Commission for the adaptive use of the Transwestern Building. The north end of the building could be developed as a March 19, 1990, page 3