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South Bend Redevelopment Commission <br /> Regular Meeting—March 13, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> C. Airport Economic Development Area <br /> (7) continued... <br /> seventh floors of Ivy Tower as <br /> condominiums and bringing the South Shore <br /> there. How much of a challenge would it be <br /> to have trains so near the residential? Mr. <br /> Smith responded that the condos would be <br /> nearly 70 feet above the rail. He expects the <br /> condos to appeal to young urbanites. They <br /> don't mind that. Instead of trying to attract <br /> people and changing their behavior, he <br /> expects to pull people that are already <br /> comfortable in that type of environment. <br /> Mr. Downes asked what portion of Mr. <br /> Smith's vision is included in Phase I. Mr. <br /> Schalliol outlined Phase I: <br /> The Renaissance District project team, <br /> consisting of both public and private sector <br /> team members working with the Union <br /> Station Technology Center (USTC) staff, are <br /> developing a Memorandum of Understanding <br /> that includes a Phase 1, Phase 2 and Phase 3 <br /> plan for the development of the District site. <br /> Mr. Schalliol outlined the requests from <br /> USTC for the three phases of the <br /> Renaissance District project. <br /> Phase 1 of the project includes a request to <br /> the Redevelopment Commission for the <br /> following: <br /> 1. Sell the former Millennium <br /> Environmental (ME) property to USTC for <br /> $43,500 (the Commission's offering price). <br /> 26 <br />