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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -July 14, 2009 <br />6. NEW BUSINESS (CONT.) <br />C. Airport Economic Development Area <br />(1) continued... <br />August. These parcels, along with the <br />Hamilton parcels on the same side of <br />Sample, would make this area large enough <br />to be a developable site, and would further <br />clear this area on the fi•inge of Ignition Park. <br />Airgas has indicated they may be interested <br />in selling this site to the city once they have <br />ceased operations there. <br />Estimated redevelopment cost for Area 2 is <br />5285,000. <br />Estimated redevelopment costs for this area <br />include acquisition, demolition, appraisals, <br />surveys, title work, environmental repot-ts, <br />etc. <br />Area 3 (Ignition Park -South) <br />The entire area north of Indiana Avenue, <br />between Franklin on the east and Prairie on <br />the west, was identified as weak residential <br />in the 1995 Rum Village Neighborhood <br />Action Plan, and as far back as 1971, ~~~as <br />defined as the logical southern boundary of <br />the Studebaker Coi7-idor redevelopment area. <br />This area is plagued by vacant lots, empty <br />housing. substandard commercial buildings, <br />and rental houses. To begin the pi°ocess of <br />cleaning this area up, the first step would be <br />to add the properties between Franklin and <br />Taylor Streets to the acquisition list. Staff <br />has met twice with the Rum Village <br />Neighborhood Association, which strongly <br />supports redevelopment of this area. <br />15 <br />