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No. 2450 amending the Airport Economic Development Area Development Plan to add properties to the Acquisition List
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No. 2450 amending the Airport Economic Development Area Development Plan to add properties to the Acquisition List
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11/6/2012 10:36:38 AM
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x Assist the neighborhood residents, businesses and institutions in <br />developing an effective, efficient neighborhood organization with the <br />capacity and leadership to: a) participate in the revitalization and <br />improvement effort; and b) protect and maintain its physical, social, <br />economic and organizational achievements. <br />Integrate the Riley High School project into the neighborhood <br />revitalization and improvement program and build on the positive spin-off <br />potential from this project. <br />B. STUDEBAKER CORRIDOR <br />The Studebaker Corridor contains 220 acres and is located immediately south of <br />the downtown. It is separated from the downtown by the elevated railroad lines that run <br />east and west. There are four viaducts that funnel traffic between the downtown and the <br />Studebaker Corridor. We have incorporated the South Gateway area (South Michigan <br />and Main Streets) into this planning and development sub-area. We have also added <br />several small sections of redeveloped light industrial area located along Prairie Avenue <br />and Chapin to this sub-area. With these additions, the acreage in this sub-area increases <br />by approximately 90 acres for a total of 310 acres. The general boundaries for this <br />reconfigured sub-area are now Michigan Street (east) Chapin and Prairie Avenue (west), <br />Ewing Avenue (south), and the elevated railroad tracks (north). (See Map 7.) <br />The Studebaker Corridor was declared a redevelopment and tax increment <br />allocation area in 1986. Soon after the declaration, the Redevelopment Commission <br />began seeking funds to implement the redevelopment and revitalization plan. A <br />successful general obligation bond petition drive was completed in 1990 and work began <br />to acquire, relocate, clear and assemble sites for redevelopment purposes. Prior to <br />Redevelopment's initial efforts, the former Studebaker Motor Company's main complex <br />consisted of 12 buildings with a total of 4,808,544 square feet of space. Many of the <br />buildings were severely under utilized, some were vacant, and all had major deferred <br />maintenance problems. Active businesses were located in several of the buildings, <br />including Allied Products' South Bend Stamping Division (now EWI), Huckins Tool and <br />Die, South Bend Lathe, and several multi-tenant facilities. Of the 4,808,544 square feet <br />of space over 48 percent was vacant and much of the occupied space required substantial <br />repairs. <br />The fringe area, adjacent to the former plant area, included many small viable <br />businesses, interspersed among a number of incompatible, deteriorating land uses. These <br />land uses included deteriorating residential structures, many of which were subdivided for <br />multi-tenant purposes. Deteriorating commercial and industrial buildings and small <br />parcels of vacant land along Michigan, Main and Lafayette also added to the negative <br />conditions and image of the area. Several areas within the fringe area contained <br />• <br />
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