6.0. SR 04-08-2002 - Laserfiche WebLink

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Downtown Revitalization Plan Staff began research and development of a master revitalization plan for the CBD. The purpose of the Plan is to provide direction for future redevelopment and revitalization activity in the CBD. Components of the plan were completed in 2001 including a market analysis, inventory of properties, evaluation of conditions, historic significance, and a visioning process. During the visioning process, the HRA identified the Core CBD (South Hwy 10 to the River between Morton Avenue & Parrish Street). as the priority revitalization area. Staff completion of the Plan is anticipated in 2002. The HRA received a redevelopment concept from Best & Hempel in June 2001. The concept included redeveloping two blocks along the riverfront into mixed-use housing and retail/office. The HRA authorized staff to request additional redevelopment proposals for consideration. In addition, the HRA authorized the completion of a Historic Context Study for an evaluation and recommendation of historically significant properties within the central business district. City finance advisors, Ehlers & Associates, Inc. was authorized to coordinate with staff a formalized request for proposals and redevelopment project for the riverfront area. Proposals for the project are andcipated in Summer 2002. HOUSING In February 2001, the HRA authorized the completion of a housing study for Elk River. The housing study was conducted by the Central MN Housing Partnership. The Housing Study results were presented to a joint meeting of the City Council, HRA, and Planning Commission for discussion. Further discussion on the City's role, goal and objectives in housing is anticipated in 2002. NE Comer Hw_y 169 (_~ Main Street Redevelopment A redevelopment project for the NE Corner of Hwy 169 & Main Street was explored by the HRA. Interest in a redevelopment project was received by developer, Kraus-Anderson and request of the City's consideration of a Tax Increment Finance Redevelopment District. BUSINESS PARK DEVELOPMENTS [Vest Business Park The following development projects were started/completed in 2001: · 77,000 square foot SoftPac facility (completed) · 25,000 square foot Allina Clinic (started) · Two 22,500 square foot multi-tenant buildings on Joplin Street (completed) A development concept for the Elk Path Business Center was reviewed by the EDA. The concept included lots for office/warehouse and light manufacturing. The 80-acres of business park is marketed by United Properties. In Fall 2001, the City acquired the tax forfeit lot located at the southwest corner of Joplin & Business Center Drive.