INFORMATION#2 05-20-2002River
13065 Orono Parkway
Elk RiveLMN 55330
NFORMATiON
For Release May 17, 2002
Contact: Elk River Director of Economic Development
Catherine Mehelich at (763) 441-4905.
City Considers Submittals by Five Developers for Downtown Revitalization
ELK RIVER, MN - The Elk River Housing & Redevelopment Authority has received
proposals from five developers/developer teams interested in the Downtown
Revitalization Area and will determine at its June 24 meeting which of the developers
should be interviewed.
The following is a list of those who submitted proposals with only the lead developer
listed in team proposals: United Properties; TOLD Development Co.; MetroPlains
Development; Best and Hempel; and, Amcon Construction Co.
"The proposals are being considered based on developer experience, financial capability,
and the land use/planning issues related to their proposals," said Catherine Mehelich, Elk
River Director of Economic Development
The results of the Historic Context Study will also be considered during the proposal
review process, Mehelich said. The study's final report is being presented to a joint HRA
and City Council meeting May 28.
The City has begun the process of revitalization and redevelopment in order to enhance
downtown Elk River's role as a retail, commercial and residential area and revitalize the
investment in the downtown business district.
The City mailed requests for proposals to 98 developers in March. The five proposals
received on May 3 are for various sites within the Downtown Revitalization Area and are
for multi-phased developments. The proposals include new development of retail and
office space, and housing.
Once the developer interview process is completed, the HRA may choose to enter a
preliminary development agreement with a developer or developer team. During the
preliminary development phase, issues are identified that must be addressed in the project
and a preliminary site plan is developed.
If the preliminary development agreement phase is successfully completed, the HRA and
developer could enter the final development agreement. During that phase, planning and
zoning approvals and land acquisition occurs and construction begins.
Phone: 763.441.7420
Fax: 763.441.7425
www. ci.elk-river, mn.us
City of Elk River - Downtown Reviatilizafion
May 17, 2002 Press Release
Page 2 of 2
i t FORMATjOt i
The earliest construction could begin on any revitalization efforts would be sometime in
2003 and completion would likely take seven to ten years.
"It's important to keep in mind at this point that we are just in the very beginning of what
is a long and detailed process," Mehelich said.