12-07-2007 City’s strategy will fuel new growth on the west side

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Central Medical Services Area: ■ Continued relocation of Bartlett Street(east of Main Street) and planning for the removal of the Michigan Street S-curve. West Washington Development Area: • Continued improvements in the conversion of the former Natatorium into a U.S. Civil Rights Heritage Center under the operation of Indiana University South Bend. • Acquisition of a Housing Authority maintenance building to create a near-downtown residential development site. • Other unannounced development projects. Various South Side Development Areas: ■ Debt service and possible property acquisition. In a TIE district, the increase in tax revenue generated by the value of development stays within the boundaries of the district to fund new infrastructure, including curbs, sidewalks, streets, landscaping and other public improvements. Because of late tax collections, the 2008 TIE budgets represent nearly two years of TIE revenue. With a combined appropriations budget of nearly $43 million, the 2008 TIE resources are larger than the general fund budget of any single city department. In addition to appropriating resources, the Redevelopment Commission approves spending on each project within a TIE district on a case-by-case basis. For 2008, TIE appropriations include: • Airport Economic Development Area $27,084,000 • South Bend Central Development Area $ 8,032,000 • Central Medical Services Area $ 1,800,000 • West Washington Development Area $ 1,200,000 • South Side Development Area(general) $ 925,000 • South Side Development Area(Erskine Village) $ 800,000 • South Side Development Area(Erskine Commons) $ 140,000 • Douglas Road Economic Development Area $ 46,000 Subtotal $40,027,000 For 2008, TIE enterprise funds include: • Blackthorn Golf Course $ 2,335,190 • Redevelopment Retail (Leighton Plaza) $ 166,621 Subtotal $ 2,501,811 TOTAL: $42,528,811 - 30 - 3