4.1. SR 08-11-2008 - Laserfiche WebLink

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EDAICity Council Workshop August 11, 2008 Page-3-of3 We should also consider the impacts this area will have on the entire community and how this new transit mode can benefit the rest of Elk River. An expanded "benefit area" may include such items as satellite parking, an infra-city shuttle bus operation, enhanced pedestrian and bicycle paths, etc. Possible redevelopment activities may also become available along the east Hwy. 10 corridor in support of this new transit operation. If we want to proceed with this type of expanded study, the FAST could provide short and long range guidelines fox development and possible redevelopment opportunities surrounding the Northstar Rail station. An effective plan will also establish expectations for land uses and design guidelines in and around the station. SUMMARY Effective development requires equally effective planning. Discussion and consensus of these issues will provide the direction to successfully plan, market, and develop this property. Have we arrived at a consensus of: Who, What & When? Who -big box retail, neighborhood retail, light industrial? What -highway business, community commercial, light industrial? When -now, market driven, new development, redevelopment? Next Steps With goals and priorities established, we will then be able to begin the process of preparing a Marketing Plan that can identify these priorities, offer a suggested site plan and provide an analysis of possible incentives that could be available. In order to prepare a complete Marketing Plan, certain steps will need to be fulfilled. These steps will include such items as review of the property appraisal, determining the proper land use, and establishing the associated property costs, including infrastructure improvements and wetland mitigation. This activity will be brought back to the EDA and Council for review, discussion and direction to launch the Marketing Plan. Attachments: ^ Aerial of Gateway Business Park ^ Gateway Business Park Plat ^ Option "B" from June 11, 2007, EDA meeting. ^ EDA Meeting Minutes: April 9, 2007 & June 11, 2007 ^ Executive Summary -Gateway Market Study, March 2007, Maxfield Research, Inc.