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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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multi-story buildings are not readily adaptable for modern industrial processes or material <br />handling. In the Rum Village Industrial Park the physical impediment is natural the <br />unsuitable soil conditions require demucking in order to create developable sites. <br />Regardless of the cause, the common effect is that the cost of private development is <br />driven so high that neither area can be redeveloped without public involvement and <br />investment. The cost of development per acre is substantially increased because of soil <br />conditions, demolition and clearance costs, or potential environmental problems. In <br />addition, the Rum Village hldustrial Park, Sample-Indiana and Studebaker Corridor all <br />face the common problem of potential enviromnental polhrtion. A good portion of these <br />areas have been the historical site for much of this community's heavy industrial uses, <br />special permit economic activities scrap and salvage yards, railroad lines and thick <br />tern~inals and servicing areas. <br />For planning purposes, this sub-area has been divided into five sectors (See Map <br />6.): <br />1. Northwest development sector; <br />2. Northeast development sector; <br />3. Calvert Road development sector -north <br />4. Calvert Road development sector -south <br />5. Olive Road. <br />Several development sites and site plans have been identified which might serve <br />as a phased economic development and redevelopment strategy. Phase One would be <br />located in the far northwest corner of the Rum Village Industrial Park and access would <br />be provided from Sheridan Street (to be extended across Sample Street into the proposed <br />new industrial development site.) Approximately 52 acres of development sites could be <br />created. Phase Two would be east of New Energy Road and north and south of Calvert <br />Road. Approximately 62 acres of land could be opened for development. Phase Three <br />would be extended off of Phase Two moving east towards Olive Road on both the north <br />and south side of Calvert Street. Both Phase Two and Three would require acquisition, <br />relocation, clearance, demucking and public works elements in order to assemble the land <br />and to offer developable sites. <br />If the industrial development strategy is to be pursued, the sub-area has several <br />sections of incompatible land uses that must be addressed. Several small pockets of <br />houses along Calvert Street and on Olive Road are prime areas for acquisition, relocation, <br />clearance and site assemblage activities. Olive Road from the Sample Street overpass <br />south to the city limits is in need of improvements in terms of ingress/egress, public <br />works and streetscape. <br />In addition to the Olive Road element of the sub-area plan, several other problems <br />and opportunities can be identified. The Olive-Sample overpass area has had several <br />C7 <br />
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