HRSR INFORMATION #1 01-05-2009 - Laserfiche WebLink

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EDA Executive Director's Report EDA Meeting December 8, 2008 Page 2 of 2 Restaurant Marketing As reported at the October EDA meeting, following the Retail Trade Analysis presentation in January, Annie and I will focus on 10-15 restaurants to set up meetings and discuss the RTA results and specific locations to increase their interest in the City. Vacated Elk River Target Store Community Development Director Jeff Gongoll has been in contact with the broker and monitoring the status of any potential tenants for the vacated store. Broker/Developer Marketing Annie and I recently attended the 2"d Annual MN Commercial Association of Realtors Expo. Staff was able to visit with several metro area brokers and share infarmation about the anticipated land use plan and development opportunities for the 171ST Avenue focus area and Gateway Business Park. Several developers indicated to staff a high level of interest in keeping an eye on property in the northwest area and near the rail for future developments. We will be maintaining contacts with these people as the focus area study nears completion. Image/Marketing We realize the Focus Area Study is a first step toward discussion on this item which is in follow up to a few of the City Council's priority issues identified in the January 2008 planning workshops - "Image" and "Marketing for Commercial & Industrial Development". Additional discussion and direction on the following items may be appropriate during the anticipated joint Council, EDA and HRA workshops early in 2009 when the Strategic Plan for Economic Development is developed: 1) Identify the city's desired "target market" for specific types of commercial and industrial development. 2) Identify desired market focus/theme (e.g. Light Industrial Hub, Energy City, etc.) 3) Identify sites for commercial and industrial business park development to maintain a sufficient inventory. S:\EDA\AGENDA\Year2008\12.8.08 exec dir report.doc