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assume ownership, its board could make long-term plans for development as well as raise <br />funds privately to improve the facility. According to a proposed contract, Fire Arts would <br />assume ownership on or before Oct. 1. <br /> <br />“Fire Arts has been a vital part of the East Bank Village’s arts and cultural district. This <br />action demonstrates the City of South Bend’s support for arts organizations in our <br />community, which have a substantial impact on jobs, economic growth and quality of life <br />in our community,” said Jeff Gibney, executive director of the City’s Department of <br />Community and Economic Development. <br /> <br />According to a 2007 Arts and Economic Prosperity III study by Americans for the Arts, <br />nonprofit arts and culture generates $30.48 million annually in local economic activity in <br />St. Joseph County. Consisting of $17.24 million in spending by arts organizations and <br />another $13.24 million in event-related spending by audiences, this activity supports the <br />full-time equivalent of 894 jobs in St. Joseph County. The arts in St. Joseph County <br />generate $16.52 million in household income to local residents and deliver $2.52 million <br />in revenue to local and state governments. <br /> <br />“Selling the facility to Fire Arts also will help us strengthen the cultural district <br />envisioned in the East Bank Village master plan,” Gibney said. <br /> <br />Across the river from the central business district, the “East Bank Village” is considered <br />part of the formal downtown area. It also is situated between the University of Notre <br />Dame and Indiana University South Bend, and includes features such as Howard Park, <br />the East Race Waterway and several major health-care institutions. <br /> <br />“The East Race area of South Bend has the potential to become a strong, vibrant, urban <br />neighborhood with an exciting mix of live-play uses that will be attractive to recent <br />college graduates, young couples, retirees and the technology and arts communities,” <br />according to the plan. <br /> <br />The East Bank Village and Howard Park neighborhood master plans have developed in <br />two phases: <br /> <br />?Phase 1, the East Bank Village, focuses on the East Bank north of Jefferson <br />Boulevard to LaSalle Avenue and east to the alley between Hill Street and St. Louis <br />Boulevard. <br /> <br />?Phase 2, the Howard Park neighborhood, follows the riverfront south from Jefferson <br />to the Sample Street bridge. <br /> <br />The master plan for the Howard Park neighborhood envisions an urban neighborhood <br />featuring more than 80 new homes with riverfront vistas as well as improved riverwalk <br />amenities with a more pedestrian-friendly area. The plan proposes expanded park space, <br />where a cloverleaf now occupies valuable land near Northside Boulevard and Eddy <br />Street. <br /> <br />- 30 - <br /> <br /> <br /> <br />