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No. 2375 amending the Airport Economic Development Area Development Plan to add properties to the acquisition list)
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No. 2375 amending the Airport Economic Development Area Development Plan to add properties to the acquisition list)
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fragmented ownership patterns, abandoned or inactive rail lines and areas of difficult <br />access, parking and internal circulation. <br />Phase one of the Studebaker Corridor redevelopment plan is nearing completion. <br />There have been 81 parcels of land acquired, 86 relocations have been completed ,and 39 <br />stnich~res have been demolished. Approximately thirty (30) acres of land have been <br />assembled for disposition and plamling is beginning for a capital improvement program <br />for the area. Several parcels have been sold and construction has started on the <br />Policemen's Federal Credit Union and Real Services buildings. Bids have been received <br />for several other parcels and conshliction is expected to begin in 1993 on Alcon's <br />warehouse/distribution building, and Murdock & Sons Construction's storage, vehicle and <br />yard offices. It is anticipated that additional projects will follow later in 1993. Progress <br />is being made, but much remains to be done, particularly in the southern section of the <br />fringe area and in the main complex area, both north and south of Sample Street. <br />For planning purposes, the Studebaker Corridor sub-area has been divided into <br />four sectors (See Map 8.): <br />the industrial fringe area between the railroad lines (north), Michigan <br />Street (east), Franklin Street (west), and Ewing Avenue (south); <br />2. the northern section of the main factory complex between Sample (solrth), <br />the railroad line (north), Franklin Street/Lafayette Street (east), and Prairie <br />Avenue (west); <br />the southern section of the main factory complex between Sample Street <br />(north), Indiana Avenue (south), Franklin Street (east), and Prairie Avenue <br />(west); and, <br />4. a small pocket of redeveloped, light industrial land between Chapin (west) <br />Prairie Avenue (south and east) and the railroad line (north). <br />The Studebaker Corridor is a sub-area with significant barriers to development. It <br />is similar to the Rum Village Industrial Park in that it has one major barrier to private <br />economic development and redevelopment and revitalization. In Rum Village the barrier <br />is soil conditions. In the Studebaker Corridor it is the presence of large, multi-stogy <br />industrial buildings or massive, obsolete one-story manufacturing facilities. The <br />commonality of major physical barriers to redevelopment one man-made and one natural <br />is further complicated and made more difficult by uncertainty concerning the potential of <br />soil and water pollution. In fact, one of the common factors throughout the industrial <br />portion of the Sample-Ewing Area (Rum Village, Sample-Indiana and the Studebaker <br />Corridor) is the historical presence of heavy industrial production, railroads, truck lines <br />and scrap and salvage areas all land uses, transportation and economic activities that <br />increase the potential for environmental problems. <br />• 8 <br />
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