5.1. PCSR 08-24-2021 - Laserfiche WebLink

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City-wide Economic Development Policies Elk River is well positioned to be a regional destination for shopping,dining,and employment.The following policies relate to the overarching goals of the Economic Development Plan to enhance,strengthen,and expand opportunities for commercial and industrial growth in the City and provide guidance that applies to all commercial and industrial development. Proactively Rezone Parcels To support this,the City should consider proactively Elk River is a vibrant and desirable place to have a business rezoning parcels identified for Downtown expansion as which is illustrated by the overall lack of vacant storefronts well as parcels identified for highway commercial uses along Main Street and in the City's commercial corridors. to the zoning district that would accommodate the type Currently the only infill development opportunities in of development envisioned in those areas. For example, the Downtown core are parking lots that support existing the parcels on the south side of Main Street west of Angle Downtown businesses.Similarly,few vacant sites are avail- Street and on the north side west of Morton Ave are able along Highway 169 or Highway 10.Limited options currently zoned R-1c,these are prime redevelopment exist for existing businesses to expand or to accommodate opportunity sites that should be rezoned to the Downtown new businesses desiring to locate within the City.The lack District to allow for more commercial and housing devel- of vacancy coupled with limited development opportune- opment,this also would open up land along the Mississippi ties underscores a need to expand the City's commercial River for future extension of the waterfront trail. districts or intensify use of established areas. 5 wo - 1 - - Elk River Comprehensive Plan Economic Development Plan 53 DRAFT FOR REVIEW ONLY