Potential New South Bend Trail Station Costs Vary

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SOUTH BEND -

A recent report from a global engineering firm shows the potential costs and economic impact associated with five possible sites for a rerouted stop along the South Shore rail line in South Bend. The AECOM (NYSE: ACM) report suggests the base cost associated with the locations would range from $23.8 million to $102.3 million. Development in and around the sites, the study presented to the city council suggests, could generate an economic impact of anywhere from $83.8 million to $415.3 million.

Shifting the current path of the line is one part of a long-term, complex series of proposals that include double-tracking the South Shore from Michigan City to Gary to reduce a South Bend-to-Chicago trip from the current two-hour-and-forty-minute travel time to 90 minutes. The city last year announced it would kick in $25 million toward rerouting the path.

According to the report, the estimated base costs for each alternative are:

  • Site 1: Chocolate Factory - $44.3 million
  • Site 2 : Honeywell - $23.9 million
  • Site 3: Amtrak - $31.7 million
  • Site 4: Downtown - $102.3 million
  • Proposed Realigned Airport Station (Alt G) - $29.5 million

The potential economic impact over 10 years for the alternatives according to the report are:

  • Site 1: Chocolate Factory - $144.4 million
  • Site 2 : Honeywell - $171.5 million (mixed-use scenario) or $132 million (industrial use scenario)
  • Site 3: Amtrak - $139.7 million
  • Site 4: Downtown - $415.3 million
  • Proposed Realigned Airport Station (Alt G) - $83.8 million
  • Current Airport Station, without building - $39 million
  • Perspectives

    • Hope is Not a Plan

      This is sobering. A local business broker in Indianapolis reports nine out of 10 business owners who want to sell are turned away. Of the one in 10 that does make it past the first analysis to sell, over half of those company owners don’t get the sale price they hope for or believe the business is worth. Bottom line, hope is not a plan if you want to sell your business.

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