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<br />SUMMARY OF RESEARCH AND RECOMMENDED STRATEGIES <br />EDA STRATEGIC PLAN 38 <br />9. GREAT RIVER ENERGY SITE <br />The decommissioned Great River Energy site on Highway 10 has outstanding <br />development potential that may not be realized without near-term action to assess the <br />opportunity it represents, and put guidance in place to realize its potential. <br />The site on Highway 10 just north of the Highway 169 interchange, 17845 US-10, if <br />positioned properly, may be the most attractive development location in Elk River <br />currently. It is a very large property, offering flexibility in terms of site layout and mix of <br />uses. It has views of and <br />proximity to the <br />Mississippi River on the <br />west. It is centrally <br />located in Elk River, <br />close to downtown, and <br />conveniently close to a <br />destination retail district <br />on the east. We imagine <br />the frontage along <br />Highway 10 to be highly <br />attractive for multifamily <br />housing development. <br />In the absence of <br />investigating its <br />development potential, <br />and making appropriate <br />adjustments to <br />development guidance, <br />there is a risk of <br />underdevelopment and missed opportunity. <br />Strategies/Actions <br />9a. Create an implementation-oriented redevelopment plan for the US-10 Great River <br />Energy property that takes into consideration current market conditions, the <br />perspectives of the development community, and the potential for connections to <br />downtown and the FAST area. <br />