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South Bend Redevelopment Commission Regular Meeting-August 15, 2008 some facility analysis and will have that analysis available within the next month. One of the city's main goals is to create 360 degree circulation around the Cove, with entrance points into the park from William, Franklin and Monroe. We can't develop a land use plan until we set the parameters for what the ballpark will look like. However, basic land use goals arc to enhance the southern anchor point for the downtown, redevelop vacant or existing non-consistent uses, making land available for new development and revenue generation. The area bounded by Lafayette, Washington, St. Joseph and South Streets offer lilteen acres of land that could be acquired and developed. The plan will address how to build density, how to build connections, how to get people to walk from downtown to the Cove and how the streets should connect. Onc concept that is envisioned is for Franklin Street, Lafayette and William fo offer entrances into park. With Uates gone, that area could provide a new plaza. We arc also thinking of the area bounded by Western, Wayne, William and Taylor as a housing block. It is 2.3 acres. We expect the telecommunications building to remain and one single family house to remain as is. The Commission currently owns 6 parcels and will acquire two more. "faxes payable 2007 were a little over $19,000 for that block. We are thinking of low density housing along William Street and maybe some high density housing. If there were l4 single Family homes built in that block at a value of $110,000, minimum, that would yield at least $]7,000 additional in lases each year, more if the value of the homes was higher. iVlr. Schallio! provided a rough timeline, including additional property acquisition yet this summer. 24