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• <br /> Market Considerations <br /> • Hot market in the 1990's <br /> • Slump began 2001;many manufacturing <br /> niches moving overseas <br /> •Available building inventory in Twin Cities <br /> needs to be absorbed first <br /> • Land closer to Twin Cities typically fills up first <br /> • Sherburne Co in the path of development <br /> • Geography&access seen as barriers,but <br /> improvements on Hwy 10 seen as positive <br /> • Northstar corridor perceived as accelerating <br /> development <br /> Neighboring Communities <br /> •Anoka—300 acres opened in 1988. <br /> Focused approach 1994-98. Sold 284 <br /> acres—averaging 57 acres per year <br /> •Ramsey—148.5 acres sold 1994-1999, <br /> • averaging 24.75 acres per year <br /> •Combined sales averaged 82 acres per <br /> year from '94-'98. <br /> Neighboring Communities <br /> • Rogers—24 acres listed on MnPRO <br /> • Otsego—minimal industrial,commercial <br /> pressure <br /> • St. Michael—20+acres <br /> • Albertville—56 acres under$$pressure from <br /> retail. City reserving 7 acres for sure. <br /> • Monticello—190 acres will soon add 120 <br /> acres("investing power plant premium <br /> • Ramsey—38 acres,several buildings <br /> •Anoka—minimal land;5 substantial buildings <br /> r <br /> Econmic Development Services November 2004 10 <br />