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49 <br />ANNUAL REPORT 2024 <br />PROPERTY AGREEMENTS <br />• Beacon Health Lease for 1st Floor of Leighton Building <br />• YMCA Lease for 2nd-5th Floor of Leighton Building <br />• Tree Nursery Agreement in IgniƟ on Park with Parks Board <br />• AvanƟ Group Lease for Union StaƟ on <br />• 1547 CSR Lease for Union StaƟ on <br />• South Bend Bike Garage Lease for Main/Wayne Parking Garage Retail Space <br />ENVIRONMENTAL PROJECTS <br />• Drewrys <br /> In 2024, the City completed Phase 1 and Phase 2 of site demoliƟ on and clean up, expending $1.7 <br />million to conƟ nue progressing toward a shovel ready site. The City received an addiƟ onal $273,159 <br />in state funds from the Indiana Finance Authority’s Petroleum Orphan Site Ini Ɵ aƟ ve to remove eight <br />underground storage tanks and contaminated soil. The City will begin Phase 3 in 2025. <br />• Real America <br /> The City received a 128(a) BiparƟ san Infrastructure Law (BIL) IncenƟ ve for over $225,000 to remove <br />over 400 tons of contaminated soil from the Real America development site during early 2025, <br />preparing it for a new 150-unit apartment building. <br />• South Bend Range <br /> In partnership with MACOG, the City conƟ nued work on idenƟ fying the extent of contaminaƟ on on <br />site and at neighboring properƟ es, including Phase I and Phase II environmental assessments as well as <br />addiƟ onal tesƟ ng. <br />The City has demolished and site prepared at the former Drewrys site. <br />GROWTH & OPPORTUNITY