RM 11-03-00 - Laserfiche WebLink

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EAST BANK OBJECTIVES- a) To encourage projects that complement developments and activities in the Central Business District. b) To develop additional recreational and entertainment facilities and uses that will enhance the passive and active recreational usage within the East Bank and provide year -round sources of activity. c) To provide adequate private and public parking that is accessible, attractive and complementary to the East Race Waterway, the St. Joseph River and adjacent parks. d) To maximize the use of the East Race Waterway and minimize the potential conflict between public use of the East Race Waterway and private development of surrounding properties. e) To establish a strong regional identity for the East Bank and a National identity for the East Race Waterway. 0 To create a pedestrian oriented environment within the East Bank and strengthen the pedestrian connection with the Central Business District. IL These are only some of the goals that South Bend Redevelopment has for the area, but it's very easy to see the importance of East Race Place to these plans. East Race Place can be the catalyst and tool for the City to meet their goals for the East Bank as well as the Central Business District. THE PUBLIC'S ROLE- The Public can exercise its partnership role in this exciting project through: a) a low interest Business Development Corporation or Industrial Revolving Fund loan. 1) for the purchase of the Commerce Center 2) possible loan for the restaurant and cafe addition (may not be needed) b) a 10 -year `East Race' tax abatement for 1) addition and remodeling costs to the building 2) a new building on the Commerce Center's property c) City's assistance in relocation of Chocolate Company and build -out of tour facility These funds will be used for state -of -the -art displays to drive more tourists to the downtown.