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Economic Development <br /> 2003 Annual Report <br /> • <br /> Downtown Revitalization Project <br /> Project Goal & Objectives <br /> Purpose <br /> For more than 30 years, various studies and proposals have examined the need to <br /> redevelop Elk River's downtown business district. Investment in the downtown has <br /> stagnated and area businesses and residents alike are concerned about the need to <br /> revitalize downtown and attract people there. <br /> Neighborhoods age, and change will occur whether or not the city intervenes. <br /> Controlling that change through revitalization and redevelopment will ensure that the <br /> types of changes that occur in downtown Elk River are the ones people want those that <br /> will keep our community vital and flourishing. <br /> Primary Goal <br /> To assure the long-term viability of downtown by making a connection to the rest of the <br /> community and by utilizing the riverfront location. Redevelopment will enhance <br /> downtown Elk River's role as a residential, retail, and commercial area and also revitalize <br /> investment in the downtown business district. <br /> Development Objectives <br /> • Mixed Use (residential/retail/service) <br /> • • Consideration of the historic context study results <br /> • Strengthen connection to the community <br /> • Traditional downtown design elements <br /> • Brick, stucco, stone materials with visual breaks in the building design <br /> • Increased residential density <br /> • Pedestrian orientation <br /> • Increase exposure to the riverfront <br /> • Recognize those buildings that have potential for rehabilitation <br /> • Replace market/economic obsolete buildings <br /> • Multiple types of housing products (i.e. townhomes, senior rental coops, market <br /> rate apartments) <br /> • <br />