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5.1. HRSR 10-04-2004
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5.1. HRSR 10-04-2004
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City Government
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HRSR
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10/4/2004
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• APPENDIX A <br /> PROJECT DESCRIPTION <br /> Tax Increment Financing District No. 22 is being established to facilitate the redevelopment of the Bluff <br /> Block and Jackson Block in downtown Elk River. The project is part of the Downtown Revitalization <br /> Project,with the primary goal being to assume the long-term viability of downtown by making a connection <br /> to the rest of the community and by utilizing the riverfront location. The redevelopment will enhance <br /> downtown Elk River's role as a residential, retail and commercial area and revitalize investment in the <br /> downtown business district. <br /> The Bluff Block Development will include 10,000 square feet of commercial development on the first floor <br /> along Main Street and 60 units of for-sale housing above the commercial. The development will also include <br /> 70-80 below grade parking stalls for the housing and commercial residents. <br /> The Jackson Block Development will also include 10,000 square feet of commercial development on the first <br /> floor along Jackson Street and at the corner of Jackson and Main. Above the commercial development will <br /> be 32 units of 1-and 2-bedroom rental housing. The development will also include up to 52 below grade <br /> parking units for housing and commercial residents. <br /> • <br /> IIIAPPENDIX A-1 <br />
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