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j <br /> • Anticipated Pace of Land Development <br /> Housing: <br /> As indicated by the previous chapter which analyzed residential and <br /> non—residential development in Elk River, the housing market is very <br /> 7 strong. Approximately another 10,000 people are expected to reside in <br /> Elk River by the Year 2000 bringing the total to 20,000. It is expected <br /> that Focus Area A can attract a high percentage of the anticipated <br /> J residential growth in Elk River is properly planned because there are very <br /> few lots available with sanitary sewer service in 1989, only relatively <br /> minor extension of existing laterals is possible, and the Growth <br /> Management Plan recommended that Area A be the first stage in a major <br /> program of sanitary sewer extensions. <br /> The pace of sewered single—family housing development in Area A is <br /> 7 forecast to be approximately 60 acres per year from 1990 to 1992 and <br /> -1 approximately 30 to 44 acres per year from 1993 through 1996 for a <br /> total of 314 acres. Approximately 10 acres of attached housing is fore- <br /> - <br /> _ cast to be developed in Area A each year from 1995 through 2000. The <br /> total of the attached and detached forecasts is 338 acres through the Year <br /> 2000 for Area A. <br /> Industry: <br /> Elk River Industrial Park has only 14 acres of land left for development, <br /> and the City's Economic Development Director anticipates that the Indus— <br /> _, trial park will be fully developed by 1992. It is believed that some <br /> prospective industrial developments have been lost from Elk River <br /> Industrial Park because of the low quality of some existing buildings there <br /> and also because of the poor visibility and access to that location. Thus, a <br /> new industrial development location with public sewer and water service <br /> is, therefore, felt to be needed immediately. <br /> The City's Director of Economic Development estimates that the need for <br /> industrial land will continue to be at least five to ten acres per year on the <br /> average with possibilities for greater demands from time to time. It is <br /> assumed that there will be an annual demand for eight acres of industrial <br /> - • <br /> 27 <br />