FOR IMMEDIATE RELEASE
(East Chicago, IN) -The City of East Chicago will hold a press conference on Thursday, February 23, 2006, at 10:00 a.m., in the Mayor’s Conference Room, 4527 Indianapolis Blvd., to officially announce a partnership with two of the nation’s most prestigious and successful non-profit community development corporations, The Community Builders, Inc., and Hispanic Housing Development Corporation, for the purpose of redeveloping the entire North Indiana Harbor section and the Lakefront.
The partnership is joined by EDAW, which is one of the nation’s top urban planning firms. After the announcement, the development teams will present their initial plans and procedures for the project.
Cline Avenue to the east, Michigan Avenue to the west, Columbus Drive to the South, and Lake Michigan to the North border, are the areas involved in the project. The project will involve an extensive construction of mixed-use of housing, with an emphasis on market rate leasing and ownership, new retail-both large and small, light industrial, and recreational facilities and uses, as well as the continued rehabilitation of existing neighborhoods and infrastructure. The emphasis throughout will be comprehensive planning and community involvement to enhance in all ways the quality of life for residents of the area and to make it a destination and recreation site for those outside of it.
The development will bring millions of dollars of private investment in to the Indiana Harbor Community. The city will ensure that the public infrastructure is in place as a foundation for the new development activity, but the vast majority of development funds will come from banks and other financial institutions. “Our team will also work with the city to approach the Regional Development Authority, the State of Indiana and the Federal government to leverage additional public funds to support infrastructure, schools and quality services that will enhance the entire East Chicago community,” said Bill Goldsmith.
“Our goal is to build on the momentum already created by Mayor George Pabey to retain and attract a culturally diverse community rich in public and private amenities, while creating job and contract opportunities for existing residents and businesses,” stated Paul Roldan, President & CEO of Hispanic Housing.
“So many people either worked here or came from East Chicago, or had family and friends who did,” said Nathaniel Ruff, City of East Chicago corporate counsel. “We have heard from a number of members of the administration who have attended meetings throughout Northwest Indiana that there is a great deal of enthusiasm and support through Northwest Indiana for the Mayor’s pledge to repair, rebuild, restore, reinvigorate, and renew East Chicago.”
“We want East Chicago to be a great place in which to live, and also a destination for jobs, shopping, ethnic and cultural experiences, and recreation,” said Mayor Pabey. “The announcement we make today is another major step towards the fulfillment of this promise.”