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Elk River EDA Strategic Plan - Prioritization Exercise <br />Highest Impact (Choose 5 total)Low Hanging Fruit (Choose 5 total)Personal Enthusiasm (Choose 5 total)Timeline (Now, Next, or Later?) Notes <br /> 11b. Continue funding for building rehabilitation and <br />facade improvements, adjusting resources and <br />partnering strategies to meet needs. <br />11c. Work with property and business owners to <br />establish a special services district. Collaborate with <br />the SSD in downtown maintenance, improvement, <br />and programmatic activities. <br />12a. Continue building out the City's trail system <br />along the Mississippi River, with a priority on trails to <br />and from downtown Elk River <br />12b. In a future downtown development plan, <br />explore ways to increase the orientation of some <br />downtown businesses and development toward the <br />13a. Cross-market Elk River’s stores, restaurants, and <br />events to visitors, participants, spectators and <br />attendees of its sports events, mountain biking <br />courses, and ERX events. <br />13b. Solicit news coverage and other publicity for the <br />broad range of events that are hosted in Elk River, <br />and the quality of its parks, facilities and event <br />14a. Identify opportunities for hotel development in <br />future small area plans <br />14b. Consider a standalone hotel market study to <br />assess market demand for a new hotel in Elk River, <br />and the hotel brands that may be attracted to <br />potential Elk River hotel locations. <br />15a. As COVID pandemic impacts on local businesses <br />continue, consider taking additional supportive <br />15b. Set the stage for receiving potential 2021 <br />stimulus or infrastructure funding by preparing one or <br />more shovel-ready infrastructure projects. <br />12. Mississippi River Access <br />13. Sports, Mountain Biking & ERX Tourism <br />14. Hotel Development <br />15. COVID Economic Recovery Programs <br />Page 3