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Council adopts 8-year abatement for Studebaker-area IRG redevelopment at 701 W. Chippewa
Summary
The council approved an eight-year real property tax abatement for Industrial Realty Group's planned rehabilitation of the former Studebaker facility at 701 West Chippewa, a 29-acre site where the owner says phased redevelopment would ready over 975,000 rentable square feet and address ~221,000 square feet of currently unusable space.
The South Bend Common Council on June 23 adopted Resolution 25-35 designating the 29-acre Studebaker-area property at 701 West Chippewa Avenue as an economic revitalization area and approving an eight-year real property tax abatement to support redevelopment by Industrial Realty Group (IRG).
City staff presented the designation as part of the redevelopment plan that IRG and local representatives described in committee. IRG representatives said the site comprises approximately 1,400,000 square feet of building area with about 975,000 square feet leasable, while roughly 221,000 square…
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