7. EDSR 01-10-2011 - Laserfiche WebLink

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Issue: Rehabilitation & Redevelopment Objective: Facilitate rehabilitation and redevelopment of deteriorating commercial and residential areas. Action Steps: - Resume and complete long range master plan for guiding vision of the greater downtown area. Design connections (to river, businesses, Lions Parlc, schools, etc.) - Joint discussion to determine role of HRA/City/EDA in redevelopment (who leads in identifying potential areas in need of rehab or redevelopment?). Empower HRA/EDA to look critically at potential redevelopment areas. Examine available financing tools -both for public & private redevelopment. - Encourage filling vacant C/I space with compatible businesses. • Utilize MNCAR/MetroMSP to manage data of available C/I (sale or lease). • Host a property manager/broker open house to share listing resources. • Maintain "Business Development" presence on main city web page. • Consider expanding EDA Micro Loan program citywide for to encourage filling vacant retail/service properties. • Encourage and partner with Chamber to conduct Business Retention & Expansion program focused on retaillservice businesses. • Evaluate potential barriers and options to encourage business relocations (e.g. ordinances, fees, SAC/WAC rates) - Identify patterns of vacancy rates to identify areas for potential redevelopment. 9 Maintain foreclosure information to monitor and address neighborhood issues. Evaluate resources to address issue (e.g. NSP). - Conduct Housing Market Study to identify gaps in market, identify priorities, and role in addressing housing needs (after 2010 census?) - Identify, preserve and maintain prime corrunercial areas for fiiture development. Ensure tools in place to attract desired development (e.g. ordinances).