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infrastructure, and finally the construction of new light industrial business facilities. This plan was developed in 1999 and driven by a 1998 market study of the reuse potential of the former Oliver Plow Works site. That market study identified the target market for urban industrial development in South Bend to be three to five acre sites for construction of buildings in the range of 25,000 to 50,000 square feet with the ability to double in size. That size of facility was, and is, a part of the industrial market that is in high demand, in the community. The stamping plant property is made up,of"44 acres of land with 1.5 million square feet of vacant industrial space. That land; if.clearedand combined with the surrounding former Studebaker sites, will composeS2 acres ofindustrial land located in the heart of South Bend's industrial core. Revitalizing that`ared zs a'goal of the Sample - Ewing Development Area plan, the City's comprehensive plan, thexegion's ., Comprehensive Economic Development Strategy;pandil a Studebaker/Oliver,- Redevelopment Strategy that was adopted by both the South Bend Common.Cop icil and the South Bend Redevelopment Commission. 3. The economic impact of this portion of the Studebaker/Oliver:Redevelopment project is estimated at 1,260,000 square feet of new light;industrial developmeritaover a fifteen -year time frame. The strategy estimated that"1,750-new jobs will be eith&ri etained or created in the new industrial park. The strategy also estimates that;ri@w industrial facilities would generate $46 million in private capital investment: The tax" base for this area will fall in the short-term, as properties are.acquired'and demolished, butAhe end goal of increasing the tax base will be met when'iiew construction-aind private` investment begins on the site. Property values in surrounding'neighborhoods`and `commercial areas are expected to increase as the blighting influences are removed. ` B. Reduction of Threats to Human"Health and the Environment 1. Based on investigations performed at -the Site by APT in 1995 and Hull & Associates, Inc. (Hull).in-2001, organic chemicals of concern (CDCs) present in groundwater beneath the'Site include: " " " ;r -Tetrachloroethene(P,CE) " Trichloroethene (TCE)-..y,, 1,1,1 -tri chloro ethane,(1;1;1-TCA) 11-dichlroethane (1;1: DCA) cis- I.24chloroethene (cis-1,2-DCE) trans=l,2=dichloroethene (trans-1,2-DCE) Chloroform Carbon", Tetrachloride sec-butylbenzene n-propylbenzene Isopropylbenzene (Cumene) p-isopropyltoluene Naphthalene In