No. 2279 expanding the boundaries of the Airport Economic Development Area and amending the AEDA Development Plan

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• Goals and Objectives Goals and objectives for the economic development of the Airport Economic Development Area are: To stimulate the development of currently vacant land through the creation of developable sites. 2. To stimulate new, private development and investment in the Area. To increase and diversify the City's tax base. 4. To create a significant number of new job opportunities for the citizens of South Bend. To provide new space for the expansion of the existing Airport Industrial Park, as well as other South Bend businesses. 6. To improve roadway access and circulation in the northwest portion of the City, surrounding the Michiana Regional Airport. 7. To stimulate increased use and growth of the Michiana Regional Airport. • 8. To increase user traffic for the Indiana Toll Road, specifically Exit 72. To increase use of the South Shore Railroad. Obstacles to Achieving the Economic Development Plan Although the Airport Economic Development Area has the potential to be a prime site for new growth, the economic development plan for the Area cannot be achieved by regulatory processes or by the ordinary operation of private enterprise because of: Lack of necessary public improvements in the Area, such as: adequate internal circulation, utilities and other infrastructure related to the orderly growth and development of new commercial, office and light industrial concerns. 2. Multiple and fragmented ownership of land, which makes the assemblage of larger or contiguous parcels difficult. Proposed Economic Development Activities Realization of the stated goals and objectives will be accomplished by a combination of public • 2