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08-15-08 Study: Redesign LaSalle Square for mixed use
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08-15-08 Study: Redesign LaSalle Square for mixed use
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2003. Three times as many neighborhood residents make their living through <br />manufacturing and transportation (48 percent) than do citywide (16 percent). The study <br />showed that 31 percent of LaSalle Square neighbors are employed in service jobs, <br />compared with 69 percent citywide. <br /> <br />LaSalle Square area residents spend about the same for housing as others. Yet the 32 <br />percent who rent pay a larger percentage of income for housing, leaving few resources <br />left to support local businesses, according to the study. Foreclosures around LaSalle <br />Square have risen rapidly since 2001, but at a rate comparable to the rest of South Bend. <br /> <br />More than 5,000 people work within one mile of LaSalle Square – a number that, <br />consultants said, adds to the neighborhood’s market potential. <br /> <br />After the Aug. 19 meeting, zpd+a will gather all information into a draft action plan for <br />presentation to the city’s Redevelopment Commission for approval. Final action is <br />anticipated in September. <br /> <br />A valuable aspect of the planning process is that it brings together community members <br />with common interests and gives them an opportunity to network. Many participants of <br />Neighborhood Transopoly said they would like to see a Farmers Market at LaSalle <br />Square. Now, a group is organizing a Farmers Market for the west side, planning for a <br />trial run this fall at LaSalle Square. <br /> <br />“Ultimately, implementation of the final plan will need committed citizens, like the <br />residents organizing the Farmers Market, and dynamic community partnerships to <br />succeed,” Vitton said. “This isn’t a technical plan for bureaucrats to follow and <br />implement. It is a plan for the neighborhood and community as a whole to follow and <br />implement in order to bring their vision to reality.” <br /> <br />In summer 2007, the Redevelopment Commission added LaSalle Square, the <br />Marycrest/Hurwich area and the former Sample-Ewing Development Area to the Airport <br />Economic Development Area. Mayor Stephen J. Luecke has pledged to make LaSalle <br />Square a priority for investment, committing $2 million to support those planning efforts <br />and serve as seed money for substantial private investment. <br /> <br />The project is funded by tax increment financing (TIF) revenue from the west-side <br />Airport Economic Development Area, the city’s largest TIF district. <br /> <br />In a TIF district, the increase in tax revenue generated by new development stays within <br />the boundaries of the district to fund infrastructure improvements, including curbs, <br />sidewalks, streets, landscaping and other public improvements. These resources are <br />available for economic development but not for general city services – a point often <br />misunderstood as the City faces the loss of $21.3 million in annual revenue from the <br />property tax caps advocated by Gov. Mitch Daniels and adopted by the legislature. <br /> <br />“If the City chose not to make these investments in LaSalle Square, we wouldn’t save a <br />single police officer or firefighter, or prevent the closure of a single park facility or <br />recreation program,” Luecke said. “By state law, these dollars can only be used for <br />economic development in the same way that individuals cannot use a retirement plan to <br />pay for rising gas and food prices. Just as families use certain funds for their future, the <br /> <br />
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