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1996 The city applies for an ISTEA grant to fund the Riverwalk Project, but <br /> . the application is rejected. Phasing of the project is considered but no <br /> action is taken. <br /> 1997 The HRA acquires the King and Main site and removes the existing <br /> structures. The proposal to immediately redevelop the site with a <br /> 12,000 commercial building falls though. A number of other concepts <br /> for the site are later proposed, but none materialize. <br /> 1998 The HRA hires Theresa Washburn to lay the foundation for developing <br /> a downtown plan master plan. Ms. Washburn submits the Central <br /> Business District Action Plan in January of 1999. Implementation of <br /> the Action Plan begins but participation levels from citizens drop. <br /> 1999 The EDA, Council, and HRA review the Strategic Plan for Economic <br /> Development and lower downtown's priority. <br /> 2000 King and Main is sold to the First National Bank of Elk River, which <br /> plans to construct an office building on the site. Downtown is listed <br /> as a top priority at Operation ER's October meeting. <br /> • s:\eda\hra\downtown\planhist.doc <br /> • <br />