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The St. Joe Valley Metronet provides an important backbone for growth of local <br /> businesses and for attracting new high-tech ventures with the need to transmit large <br /> amounts of data This 40-mile high-speed data network of fiber-optic lines runs almost <br /> exclusively in South Bend's traffic conduit. The Metronet, overseen by a nonprofit board, <br /> provides a vendor-neutral infrastructure that enables subscribers to connect to the Internet <br /> with virtually unlimited bandwidth. Companies can be two milliseconds away from the <br /> Chicago network for afraction of the cost. This high-speed connectivity and access to <br /> transcontinental fiber linking it to the rest of the country makes South Bend an ideal <br /> location for such high-tech business entities as data backup and disaster recovery <br /> operations, data and call centers, conference centers and research facilities. <br /> "The intended adapted reuse of the building is for ahigh-tech office building, capitalizing <br /> on the building's massive size and proximity to the Metronet backbone," said Jennifer <br /> Laurent, a planner with the city's Department of Community and Economic <br /> Development. "Because this facility was designed as an office building, it makes a much <br /> better candidate for reuse than former factory sites in the Studebaker corridor." <br /> The work will occur in two phases, according to Todd Zeiger, director of Historic <br /> Landmarks' northern regional office. <br /> • Phase I, lasting about six months, will consist of exterior renovation and restoration, <br /> including restoration of the windows, repainting trim, tuck-pointing when necessary <br /> and possible restoration of the front doors. During this phase, demolition will begin <br /> on interior partitions not original to the building, including opening up penthouse <br /> windows over the central court that now are covered by a drop ceiling. <br /> • Phase II, about six to eight months in length, will focus on interior renovation as well <br /> as build outs for specific tenants and other work, such as parking lots, to make <br /> occupancy possible. The building will be re-wired, including with fiber-optic cable, <br /> and receive new mechanical and electrical systems. Spaces will be developed to suit <br /> needs of specific tenants and restoration work will proceed in the administrative wing <br /> and on important historical aspects of the building. <br /> Construction is expected to begin by this fall with occupancy of the building by October <br /> 2008. <br /> "We were attracted to the rich architecture and solid construction of the Studebaker <br /> Administration building and its adjacency to the fiber-optic lines," said Doug <br /> Chamberlain, principal of the Heritage Restoration and Development Co. "We see in this <br /> site a real opportunity to build on the history and fiber-optic capacity to re-purpose the <br /> building for the new millennium." <br /> The mayor announced the details of the project today(Friday, May 18, 2007) at the <br /> Studebaker Administration building with Marcia Jones, president of the Redevelopment <br /> Commission; Zeiger of Historic Landmarks Foundation; Chamberlain of Heritage <br /> Restoration and Development Co.; and Dr. Robert Zimmerman, SBCSC superintendent. <br /> According to the agreement, the Redevelopment Commission will commit a maximum of <br /> $600,000 to the project—but only when the developer has a demonstrated investment of <br /> more than $6 million. Cost for the building's complete rehabilitation exceeds $14 million. <br /> "The Commission's financial role would only be triggered with substantial completion of <br /> 2 <br />