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Capital Improvement Plan <br />City of Elk River, Minnesota <br />2024 thru 202� <br />rro�e�t# Plan-24 <br />ProjectName �OWritOWri Srilall E�Yea Plari <br />Department Planning <br />Contact Planning Manager <br />Type Study <br />Useful Life Unassigned <br />Category City-Wide Development <br />l�escription I <br />The project will include hiring a consultant to complete a small area plan for the extended downtown area. The plan is expected to include design <br />ietails, redevelopment opportunities, land use guidance, and a traffic analysis. <br />Justification I <br />Che last small area plan for downtown was completed in 2012 and was largely a reaction to the possible transition of Highway 10 through <br />lowntown to a freeway. The long-term transportation plans have changed and the transformation of Highway 169 to a freeway will be complete in <br />!024. This project, along with other land use and zoning changes, has the potential to reshape how the downtown area is used and experienced. <br />iiring a consultant to help guide these changes will put the city on strong footing moving forward. <br />Expenditures 2024 2025 2026 2027 2028 Total <br />Study 100,000 100,000 <br />TOt�l 100,000 100,000 <br />Funding Sources 2024 2025 2026 2027 2028 Total <br />City Development Fund 100,000 100,000 <br />'j'p�j 100,000 100,000 <br />2023-2027 CAPITAL IMPROVEMENT PLAN <br />