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Anticipated Pace of Land Development <br /> <br />Hou~ng: <br /> <br />As indicated by the previous chapter which analyzed residential and <br />non-residential development in Elk River, the housing market is very <br />strong. Approximately another 10,000 people are expected to reside in <br />Elk River by the Year 2000 bringing the total to 20,000. It is expected <br />that Focus Area A can attract a high percentage of the anticipated <br />residential growth in Elk River is properly planned because there are very <br />few lots available with sanitary sewer service in 1989, only relatively <br />minor extension of existing laterals is possible, and the Growth <br />Management Plan recommended that Area A be the first stage in a major <br />program of sanitary sewer extensions. <br /> <br />The pace of sewered single-family housing development in Area A is <br />forecast to be approximately 60 acres per year from 1990 to 1992 and <br />approximately 30 to 44 acres per year from 1993 through 1996 for a <br />total of 314 acres. Approximately 10 acres of attached housing is fore- <br />cast to be developed in Area A each year from 1995 through 2000. The <br />total of the attached and detached forecasts is 338 acres through the Year <br />2000 for Area A. <br /> <br />Industry: <br /> <br />Elk River Industrial Park has only 14 acres of land left for development, <br />and the City's Economic Development Director anticipates that the indus- <br />trial park will be fully developed by 1992. It is believed that some <br />prospective industrial developments have been lost from Elk River <br />Industrial Park because of the low quality of some existing buildings there <br />and also because of the poor visibility and access to that location. Thus, a <br />new industrial development location with public sewer and water service <br />is, therefore, felt to be needed immediately. <br /> <br />The City's Director of Economic Development estimates that the need for <br />industrial land will continue to be at least five to ten acres per year on the <br />average with possibilities for greater demands from time to time. It is <br />assumed that there will be an annual demand for eight acres of industrial <br /> <br />27 <br /> <br /> <br />