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<br /> E H L E RS CASE STUDY
<br /> lie
<br /> & ASSOCIATES INC /det-#1(2,7, '
<br /> ///,44Y G
<br /> Revitalizing the Heart of Mound's Historic Community
<br /> Mound is an historic "lake community" about 20 minutes RESULTS
<br /> from downtown Minneapolis. Mound's once vital downtown Mound Visions is beginning to take shape. Construction of
<br /> area has experienced a the first redevelopment project was completed in 2000. A
<br /> THE CITY OF MOUND lack of new investment due second project has been approved for construction in
<br /> to changes in retail 2001. This $22 million project will include 60,000 square
<br /> Services Provided: marketing trends, feet of retail and 99 housing units. The rerouting of County
<br /> fragmented property Road 15 and Auditor's Road is scheduled for construction
<br /> • Downtown Redevelopment ownership, inadequate in 2002. An aggressive communications program that is
<br /> Project Management public parking and small designed to keep residents and businesses informed has
<br /> • Project Planning and commercial lot sizes. already begun.
<br /> coordination "Mound Visions" was
<br /> formed in the early 1980s A'`# � t
<br /> „,4-0-k.-4.i.„._-,...,,;_.,,,-,,,,, ,
<br /> • Financial Analysis to develop a plan for the ,..',.;*-V,:-_- 4.;,‘,',"-4' !
<br /> redevelopment of the
<br /> • Developer recruitment t ' '
<br /> p downtown area. ,5.--:-.%-,,,,„,..tit � � �,„„.40_,A,..-..� , �f
<br /> S and qualification Implementation of the plan `
<br /> moved slowly because of a � �
<br /> • Project financial`; =-47-1;.;;;;:'. ,���"�•��,
<br /> feasibility ity analysisalvariety of complex issues. i�. >. ,l'it .:'`\�i.. �iS moi •$' '1,1-c:
<br /> EHLERS APPROACH s:, 044. i �4
<br /> • TIFqualification and '..' 4+;., v41 .'" `°4r`
<br /> The City of Mound
<br /> process coordination retained Ehlers project ���� •='' ot,` ��js►-f p
<br /> management services in .�, ,
<br /> • Development of ! w � �r 4
<br /> pro-forma analysis June 1999. Ehlers staff -.,, ifi ,°j . ---
<br /> pro-forma with the City to -_ "'�tllilli''` •�_ '
<br /> • Developer negotiations establish a project i
<br /> g
<br /> management team and a kit , '"'3 ,, k
<br /> • Coordination strategy to implement the ;_' - ,a,i, .!� '
<br /> of acquisition, redevelopment. The plan . ,,
<br /> communications and ' , E f .3 x '. , ; t f . —identified key activities to f
<br /> project marketing '� .• '
<br /> "jump-start" the project / � '
<br /> such as securing ' ;.}.r R '3�f,
<br /> development agreements 011110",..7100: 116.!-------- �, r yti
<br /> for the strategic project areas, identifying compatible �� :,,/4‘.,:i;---'.Na % 3,.; �'
<br /> "moi;
<br /> developers, implementing a communications plan and !'f ` ''
<br /> constructing public improvements. ki
<br /> + ��A project team that includes key staff meets weeklyto monitor the project's status, schedule city reviews ofroject components, and identify and resolve any
<br /> wredevelopment barriers.
<br /> Mound established a project management team and strategy that enabled it
<br /> to"jump-start"its redevelopment.
<br /> EHLERS&ASSOCIATES INC Illinois 630-355-6100 • Minnesota 651-697-8500 • Wisconsin 262-785-1520 • www.ehlers-inc.com
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