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South Bend Rcdc~~elopmcnt (commission <br />Rc~~u~ar Mcctin~! Noya»bcr 7. ?OUP <br />6. 1'E~J~ E3liS1~~GSS (CON"h.) <br />:1. Tas Abatement <br />(I) continued... <br />'Vfr. Mathis noted that Gateway Plaza, at the <br />north~~cst ern ncr of Lathrop and Bcndix. <br />proposes to construct a cumbinatio^ <br />~~~urchousc~llcx building of approximately <br />? l.K 19 sc~uarc feet. I~hc building gill consist <br />of scy cn units of approximately -}, ~?C) squ<u~c <br />feet each. The building ~~~~ill be Phase IV of <br />the adjacent Gateway Plaza and ~yill be of <br />similar construction. Tenants in the building <br />arc likely to be primarily ~yarchousc users. <br />but ~yith some need for front-office space or <br />shoe-roam areas. All suites will ha~•c ~~rade- <br />lcycl ~~~ crhead door access. ~~~ith at least tour <br />slated for dock access as ~~ ell. The buildin<~ <br />site coycrs approximately 1 .9~ acres. The <br />estimated cost of Phase IV construction is <br />5 I .-50.1 K0. <br />The project itself is not expected to create <br />additional employment ~yithin the tirst year. <br />but ~yill enable a tenant, Vlcmorial Health <br />Systems, to mop c and ha~~c mom to ~ro~y. <br />Mcmo~ial ~yil1 maintain fUUI"tCCn cxistin~~ <br />permanent full-time jobs ~yith an annual <br />payroll of S5>5.9?4. includin~~ one caistin~.: <br />permanent full-time minority employee ~yith <br />an annual payroll of 5170,000. <br />The total possible ~~ains in cmplm~ment <br />resultin~~ fmm construction of the buildinL <br />will depend on the kind of businesses that <br />locate in it and cannot be estimated at this <br />time; thcrctorc_ the pctitionu has not <br />presented am°. As a result. nu points ~yere <br />a~~°ardcd fur job creation in the Public Benefit <br />Points Summary. <br />4 <br />