Laserfiche WebLink
South Bend Rale~elopment Commission <br />Rc~ular Mcctin2 No~cmbcr 7. ?OOS <br />6. Vl?~0" BI:S['VESS (C01'T.) <br />C. South E3end Central Dc~~clopmcut Arcs <br />(7) continued... <br />subsidizing the prc~jcct at all. <br />Mr. Lconc noted that the contract tier sale <br />could he ~~rittu- in such a ~~av that it dclavs <br />clusin~~ based un mcctin~u cartain <br />hcnchmarla, ~shate~ cr the Conunissi~~n feels <br />appropriate. <br />Mr. Do~rncs said his crn~ccrn is that <br />acquisition of the parking lot enhances the <br />~<due of the JIy1S buildin~~. 11 he docsn~[ <br />mo~c ahead ~~~ith the project. ~~~c ha~~c used <br />public numcv to impro~c his position. He <br />could sell the building and I~~t ^t a protit. <br />~~Ir. Varner said that he ~~~ould be concerned <br />that the buildin~~ and lot could be more <br />valuable in a use the Commission would not <br />ha~c ~eantcd to be party to. He also <br />~~undercd if the city mi~aht eventually scant <br />that lot Ibr expansion of its parking garage. <br />yds. Laurent resp<,ndcd that ~~c asked our <br />cn~~inca-ing department to e~~uluate whether <br />the garage could be cspandcd onto that lot. <br />The eculualion indicated it could not. <br />Ms. Laurent noted that this parking lot is a <br />profiit centa~ i~~r lahn Coyne. o~~~ncr of the <br />parking lot. I Ic wasn~t particularlc interested <br />in selling the lot. but he is also a supporter ui <br />do~cntu~cn South Bcnd. I Ic didn~t scant to <br />stand in the wa~~ of dccelopmcnt that the <br />Conunission sa~r as important. "fhc <br />S?OO,f)00 is well abucc the appraised price. <br />It ~~ as the price that y~1r. Coyne ~cas ~~~illing <br />to sell at. <br />