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6.0. HRSR 11-01-2004 ITEM # 6. City of Elk River MEMORANDUM TO: Housing & Redevelopment Authority FROM: Heidi Steinmetz, Assistant Director of Economic Development DATE: November I, 2004 SUBJECT: Refined Concept Option for Downtown North of Hwy 10 Attachment • Refined Concept Option Map Background Since June of 2004 the HRA has been working to develop a vision for downtown north of • Hwy 10. In October, the HRA completed the following tasks: • Reviewed updated research for the area • Reviewed three concept options (one developed by HRA and two by staff) • Discussed barriers to implementing staff's concept options • Chose concept option 3 as basis for developing a refined concept Requested Actions The next step in the redevelopment process is concept refinement; therefore staff has developed the attached refined concept option based on the HRA's October discussion. Staff requests that the HRA identify priority areas within the refined concept. Another component of concept refinement is testing for market and financial feasibility with the help of developers and market specialists. Prior to undertaking this component, staff requests the HRA's direction for implementing a plan for the area. • • nr wymes r...A i IIIII = 8 P\_ i )„, p , "in - • iLIP1iI!. IN11 . ! J. IIMIIIIII OrP'-'• to0111111 -1 - 11101.11.- rill"-1111 licii'° 111111.1111n 111111 • 14A1 ...... Ibo•Infa El 1 ,. milialH ,-.......... ...,,.. 1 k 1 ORi P iUj_ II ,R,EP ���I�'�� i�:iTO I. ���•��•,� ',� I '■ 1■11111 N11 !J .; im m ° :: : _ �II III • � .ri Er namml 111111111111 . .11 ••_ i� If , JIlYArAI uiiiI1i11iiLiu ; gg� �� ∎ ----- .----- tilagi Fil ZS NIAOL E, ril , io■ �� / 1 01111214 D A � �; / ER ip . , 7/ JEN MN - "')1r 41 a So,. ii,4 I__ v(r) i , iy / // asi , ,i„., . ....„, , ,. „,,,,.6. II , - ‹ -, ii_ 0 , ..A,„ wow , ,,,,, . t asia■A; Ifirraw. ii r 1411raism,.Wi lilj ...,10.,4 Lea= ON mom-, ��ii�∎la 1/irig__UuI_