No. 2456 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the Airport Economic Development Area Development Plan (Portage Prairie)

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fragmented ownership patterns, abandoned or inactive rail lines and areas of difficult • access, parking and internal circulation. Phase one of the Studebaker Corridor redevelopment plan is nearing completion. There have been 81 parcels of land acquired, 86 relocations have been completed ,and 39 structures have been demolished. Approximately thirty (30) acres of land have been assembled for disposition and planning is beginning for a capital improvement program for the area. Several parcels have been sold and construction has started on the Policemen's Federal Credit Union and Real Services buildings. Bids have been received for several other parcels and construction is expected to begin in 1993 on Alcon's warehouse/distribution building, and Murdock & Sons Construction's storage, vehicle and yard offices. It is anticipated that additional projects will follow later in 1993. Progress is being made, but much remains to be done, particularly in the southern section of the fringe area and in the main complex area, both north and south of Sample Street. For planning purposes, the Studebaker Corridor sub-area has been divided into four sectors (See Map 8.): the industrial fringe area between the railroad lines (north), Michigan Street (east), Franklin Street (west), and Ewing Avenue (south); 2. the northern section of the main factory complex between Sample (south), the railroad line (north), Franklin Street/Lafayette Street (east), and Prairie Avenue (west); • 3. the southern section of the main factory complex between Sample Street (north), Indiana Avenue (south), Franklin Street (east), and Prairie Avenue (west); and, 4. a small pocket of redeveloped, light industrial land between Chapin (west) Prairie Avenue (south and east) and the railroad line (north). The Studebaker Corridor is a sub-area with significant barriers to development. It is similar to the Rum Village Industrial Park in that it has one major barrier to private economic development and redevelopment and revitalization. In Rum Village the barrier is soil conditions. In the Studebaker Corridor it is the presence of large, multi-story industrial buildings or massive, obsolete one-story manufacturing facilities. The commonality of major physical barriers to redevelopment one man-made and one natural is further complicated and made more difficult by uncertainty concerning the potential of soil and water pollution. In fact, one of the common factors throughout the industrial portion of the Sample-Ewing Area (Rum Village, Sample-Indiana and the Studebaker Corridor) is the historical presence of heavy industrial production, railroads, truck lines and scrap and salvage areas all land uses, transportation and economic activities that increase the potential for environmental problems. •