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11-07-08 Redevelopment Commission Minutes
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11-07-08 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting -November 7, 2008 <br />E. West Washington-Chapin Development Area <br />There was no business in the West Washington- <br />Chapin Development Area. <br />F. South Side Development Area <br />There was no business in the South Side <br />Development Area. <br />G. Northeast Neighborhood Development Area <br />There was no business in the Northeast <br />Neighborhood Development Area. <br />H. Douglas Road Economic Development Area <br />There was no business in the Douglas Road <br />Economic Development Area. <br />I. Other <br />7. PROGRESS REPORTS <br />Mr. Varner asked what ever happened with the Sales PROGRESS REPORTS <br />Tax Increment Financing (STIF) district that was <br />approved for the South Side Development Area. It was <br />worth $1M per year for fifteen years. Mr. Inks <br />responded that it was never implemented. The last time <br />we talked to the state, they were not inclined to move <br />ahead with the STIF. He didn't recall their reason. <br />Mr. Varner recalled that the state didn't feel there was <br />enough building under roof at the time. With <br />construction of Gates, we shouldn't have trouble <br />meeting their threshold. He thought we could move <br />forward on the STIF when the threshold was met. Mr. <br />Inks said he would check on it, but he didn't think the <br />state was inclined to move forward with it, even after <br />the threshold was met. <br />18 <br />
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