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planned facility from the center of the site to its edge. <br /> <br />“Transpo officials have acted in the best interest of the greater South Bend community in <br />delaying their construction plans in order to relocate Transpo’s new facility to a site on <br />the southeast edge of Ignition Park rather than at the center of the space most conducive <br />to highly sensitive nanotechnology equipment,” said Mayor Stephen J. Luecke. “In this <br />manner, they demonstrated yet another way this public agency seeks to operate in the <br />broader public interest.” <br /> <br />In Friday’s action, the Commission: <br />? <br />Terminated a previous contract for the sale and purchase of the former South Bend <br />Stamping Plant site. <br />? <br />Approved a purchase agreement for a new site along Franklin Street and Lafayette <br />Boulevard, between Stull Street and Indiana Avenue. <br /> <br />As part of the termination agreement, the Commission will pay back $1 million to <br />Transpo that was made as a down payment on the purchase of the former Stamping Plant <br />property. As part of the new purchase agreement, Transpo will pay $648,000 for the new <br />21.6-acre site. <br /> <br />Ignition Park sits on the grounds of the former Studebaker Corp., the legendary auto <br />manufacturer that was the economic and innovative backbone of South Bend until closing <br />its doors in 1963. Since 2000, old abandoned buildings on the Ignition Park site have <br />been demolished in the state’s most aggressive brownfield reclamation effort to make <br />way for a high-tech manufacturing, commercialization and office complex of buildings <br />arrayed in a park-like environment <br /> <br />- 30 - <br />