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HISTORIC PRESERVATION IMPLEMENTATION STRATEGIES <br /> Historic preservation offers a chance to revitalize the heart of Downtown.Historic properties From the outset of the Downtown South Bend 2045 Example Funding Stack for a Public Project <br /> narrate the tale of South Bends growth,from its industrial beginnings to its changing urban initiative.the City has prioritized implementability. <br /> landscape.Revitalizing these properties will enhance the cultural vibrancy and economic This approach guided the selection criteria for PMlanthruWc wndtngtor Gaps_ <br /> na mveretl by other sowoes <br /> sustainability of Downtown.Successfully rehabilitating a historic building stimulates further interventions,the vetting and development of action <br /> Leveraged Private Investment—) <br /> investment in the surrounding area.Amidst renewed interest in urban living,historic architecture steps,and the active involvement of partners from the <br /> enhances walkable downtowns,This document highlights downtown's historic buildings and beginning.The plan is grounded in market projections reoi <br /> Local match and/or tax—> s Project <br /> provides recommendations for several at-risk properties. that reflect what is realistic and achievable within 0o.t <br /> the 20-year timeframe.The implementation strategy <br /> outlined in this chapter details responsibilities and State 6 Federal grants 8 bonds—4 <br /> roles,partnerships,and specific timeframes for <br /> execution. — <br /> 1 m <br /> ..- Faun*Funding Stack for Private Protect <br /> - At, •41 Ytein_ TODAY zo45 I <br /> Lnw Established Program Flexible ProgramPhi antnropccrants�4 ^�s a Will riot change Could have significant Pa%ic Incentives— W4 4, '-Q_ �"r„... i substantially adjustment s/Oeveape Equiry�1:'-_,. A It: 1 ,, <br /> a1 j _ a Totalicc <br /> . �� ; tat Subordinated Dead >Cos Project <br /> y, <br /> -'� *(Js " -"—.''' i' , I tit' . 1 -' 4- _,... . ,--; 1 <br /> `a i•! , It,W '1.,7.'I _ 41. <br /> / jy4. . Conventional Bank Debt—* <br /> `~ .fir i rrV'i ',• _qf�,-,g _ 1a <br /> 417t I . J'~ _ _ L .�1� , ft , a ��tlf.b:�,nr! I5-1 r Example Funding Stack fora Non-Profit Project <br /> ' ' _- • t �'^ + ► ., .. �� Itit►iaa1 1 <br /> •� `. , Lr N i rj Philanthropic Grants. <br /> t ! L r'.i 41• • J <br /> Ill., r , «, ' ,• ' ; e t' v est t V r I� :.'I \ Pudic Incentives , Tonal <br /> r 1 al 1 <br /> _. ` r'r ! E. "" �t• = L Project <br /> Sty <br /> -j. + _ -III Fundraising Campaigns <br /> all�w <br /> The historic State Theater sits in an important location on Michigan Street.The restoration and reuse of this key budding would help .transform the 200 block of South Michigan Street <br /> Executive Summary 6 <br />