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South Bend Redevelopment Commission <br />Regular Meeting - June 20, 1997 <br />6. NEW BUSINESS (CONT.) <br />b. continued.... <br />located at the corner of Main Street and <br />Jefferson Boulevard and a 650 space City <br />owned parking garage. The parking <br />garage will also include approximately <br />11,000 square feet of retail space fronting <br />Michigan Street. The total project cost is <br />estimated at over $20 million, while the <br />Trammell Crow portion of the project is <br />estimated at $6.5 million. <br />Since this is an office development, the <br />petitioner is unable to determine the exact <br />number of new jobs that will be created as <br />a result of the project. However, they have <br />indicated that between 100 and 150 <br />construction jobs will be created to <br />complete the project. Also, it is estimated <br />that between 180 and 225 people will be <br />employed by the tenants of the new <br />building. <br />A review of the tax abatements previously <br />granted finds that the South Bend <br />Redevelopment Commission for the <br />benefit of Trammell Crow MW, Inc. has <br />not been granted any previous tax <br />abatement consideration. The building <br />commissioner has reviewed the petition <br />and finds the property to be properly <br />zoned for the proposed project. <br />A review of the tax abatement designation <br />maps finds that the property is located in <br />the Tax Abatement Impact Area, as well as <br />the Central Business District. A review of <br />the South Bend Redevelopment Allocation <br />C <br />