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Votes at a glance: Council approves four economic development resolutions including Studebaker stabilization and Sheridan expansion
Summary
At its Feb. 10 meeting the South Bend Common Council unanimously approved four resolutions creating economic revitalization areas and granting tax abatements for downtown and West Side projects.
South Bend — The South Bend Common Council on Monday, Feb. 10 adopted four economic-development resolutions granting tax abatements and authorizing declaratory resolutions for designated revitalization areas. All passed by roll call vote, 8-0.
Votes at a glance (each item adopted):
1) Resolution 25-09 — Studebaker administration building (635 S. Main St.) - Action: Confirmed a declaratory resolution designating the former Studebaker administration building as an economic revitalization area and approving a two-year vacant-building tax abatement for Studebaker Admin Q0V B, LLC. - Project/intent: Stabilize and preserve approximately 149,000 square feet of historic structure, complete roof/window repairs and environmental remediation to make the building developable. - Investment and tax effect: Developer commitment approximately $920,000 over the two-year abatement period; estimated taxes abated about $20,000, taxes paid about $10,000 during the abatement. - Vote: Adopted by roll call, 8 ayes.
2) Resolution 25-10 — Real property abatement at 445 N. Sheridan (GLC Sheridan…
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