1991-11-15 Resolution 46 - Laserfiche WebLink

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Retail and shopping facilities also employ a large work force in the South Bend area. There are three enclosed malls and several shopping centers throughout the County offering consumtr goods to residents. • The tollawing are excerpts from the South Bend-Mishawaka area Chamber of Commerce reports on business expansion and new investment activity i~a St. Joseph Gounty. AIR ORT 20]0 PROJECT economic development project was guaranteed $435 million in the state funds to finance the start of necessary infrastructure. The money will be delivered in two parts, the first being 51.8 million for improvements to the tollroad interchange that will permit direct access to the project arcs. The second is 52.55 mdIio>a far realignment of Old Cleveland Road to provide maxiu~um access to proposed building sites„ The funding wilt allow tnginccring work to be completed over the winter so actual construction can begin next spring. The City of South Send has already invested more thaw 56 million in the 3,500 sae site just north and west of lvfichiana Regional Airport. Oa1y one more parcel of lead remains to be purchased to complete the land acquisition necessary to the gro}cct. Tho pmjed is expected to create or retain 27,000 jobs over the next twenty years and add Sb80 million in private investment to tl~e South Bend economy. These murabcra make Airport 2410 one of the }argest develogmcnts in. Indiana state history. AL I N ER ND E B is finishing its new two story engineering building addition at 3520 W. Westmoor Street. The SS.S million, 57,000 sq. ft. facility will provide a contra} location for engineering activities amd ItdcD design. and prototype testing. t:anstructioa is Cxpected to be completed in February, 1992. ~DERAL EXPRESS air cargo center recently went into operation at the MicIuana Itcgionat Airport's west cargo ramp, located .oa the north side of U.S. 20 sear Mayflower Road. With cargo growing at the rate of five to six percent a year, the new center is equipped with elaborate tclecommunicatioas amd computerized package tracking systems. To provide more efficient service, the company has relocated the Elkhart center unto the 55,000 sq. ft. SouW Bend building. • A ,anew sub-division located IO .acres south west of Miami Street sear Jackson Road, has .two model homes open and nine other homes under construction. Being developed by Jack Plickcy's Roja pevcIopment Co., the project will have a total of 253 dwellinpls, including 725 single family houses, ?8 villa houses, and 50 condominium houses. The houses will sell irs the range of 595,000 to 5140,000, and the villa and condos from 5$5,000 to 51x0,004. The area has been annexed into the City of South Bcnd. I/N KQTE, the 5500 million addition to IJN Tek in New Carlisle, recently began operations oa the fleet of its two zinc coating lines. With a capacity to produce-900,000 tons of galvanized steel per year, the plant could supply as much as IS% of the galvanized steel needed by the country's automotive market. When in full production, I/N Kote expects to employ 240 people with an amriual payroll of about SIZ million. Another 580 million is requited to operate the plant per year, much of which will. be spent locally. INDIANA UNIVEF~SITYAT SOUTH BEND is ee}ebrat"tag its silver anniversary, and its largest enrollment of students with planned renovation and new construction. Current funded projects include: • Northside Hati renovation inducting the gutting anal reworking the science atzd computer labs. • Coca-Colt Bottiin lint acquisition making room for a new 100,000 sq, ft. facility with S1bS million approved by the state legislature. • Landscaped Malt in front of tits Srhun. La'brary, creating a central unifying point to the Campus. • ~y Re.~crve Center on No hsidc Boulevard undergoing a SLi million renovation for the Purdue TecbnoIogy Program by January, 1993. • Lan urchase of 23 acres across the St Joseph River for developing student apartments and athletic fields. A-6