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<br /> <br />3 | P a g e Jackson Hills Apartments – Phases 2-4, Elk River, MN <br />of the proposed project. For this study, it is anticipated that the Proposed Project will be completed and <br />fully occupied by 2025. Review of historical traffic counts in the vicinity of the site suggest traffic has <br />declined over the last 20 years, however, to provide a conservative analysis this study assumes traffic will <br />grow at an annual rate of 0.5 percent through the 2025 design year. The figures below illustrates the No- <br />Build traffic volumes for year 2025 with the growth factor applied to existing traffic volumes. <br /> <br /> 2025 No Build AM Peak Traffic 2025 No- Build PM Peak Traffic <br /> <br />