EDSR INFORMATION 02-09-1998 INFORMATION
GLK
•corpornted P.O. Box 111 • Elk River, Minnesota 55330 • 612-374-6706
January 29, 1998
Mr.Paul Steinman
Director of Economic Development
City of Elk River
13065 Orono Parkway
Elk River, Mn. 55330
Paul,
The reason for this letter is to inform you of the changes that have occured regarding our restaurant venture
called Pattiniccio's.
As you are aware, we were going to locate the restaurant at the south end of Sax Food and Drug.For some
reason unknown to us,Sax has not been able to offer us a lease and to date this has caused our project to be
delayed for over two months.To nobody's surprise,the delay has put our venture in serious jeapordy and as
a result, we have been forced to look for a new location for the restaurant.
A/rexploring the different locations offered in the Elk River area,we have decided that the best location for
estaurant would be the old Snyder Drug building in downtown Elk River. Taking into account all the
things we want to accomplish for Elk River with our restaurant, we feel that locating Pattiniccio's right in the
heart of downtown would be a perfect place for all concerned.
Our plan is to not only locate the restaurant in the building, but to also make a serious attempt to purchase the
building which is for sale. The building currently has a good cash flow and our local banker seems more than
willing to get involved. The biggest advantage for us would be the fact that if we owned the building we
would not be held up by factors out of our control and we could finally give this city the fine dining
restaurant it so desperately needs.
Paul, in order to buy the building, we would need for the EDA to become involved also. In light of this fact, I
would like to officially request that the EDA consider contributing $50,000 in financing so we
could purchase the building. If you have any questions or need further details ple a call me at 374-6706.
Your rapid response to our request is greatly appreciated.
Resectfully,
(.;
/^1.,- 7 4-_,,--
Gregg W. Karns
cc: EDA Finance Committee Review Board
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INFORMATION
n.
CENTRAL MINNESOTA INITIATIVE FUND
A Foundation far Today, A Vision for Tomorrow.
January 9, 1998
Paul T. Steinman
Director of Economic Development
City of Elk River/Elk River Economic Development Authority
PO Box 490
Elk River, MN 55330 -
Dear Mr. Stei 1C a J •
Thanks so much for your recent contributions totaling$5,000 ($2,500 from the
Elk River Economic Development Authority and $2,500 from the City of Elk
• River) designated for the Central Minnesota Initiative Fund. Your gift will serve
as a permanent reminder of your concern for the quality of life in Central
Minnesota.
You may be interested to know that with the assistance of generous friends like
you, the Central Minnesota Initiative Fund has now distributed $16.8 million
throughout the region, including$706,651 in Sherburne County. Your gift does
have direct impact on the lives of others, and we hope you will continue to
support our programs and services.
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Again, thank you so much for your generous contribution.
•
Sincerely, `
I '
Kathy Gaalswyk Kathy../Adams
Executive Director Director of Development
s
70 SE First Avenue • Little Falls, MN 56345 • (320) 632-9255 • Fax ( 320) 632-9258
BUSINESS FOCUS : Manufacturing
Throughout the country,manufacturers are leaving central cities for
cheaper land and labor in less-crowded areas.Minneapolis is part of the
ilktrend,seeing a net loss of 166 manufacturers over the past three years.
Plants leaving
cities
..„......,..iste..„..‘i
0
for suburbs, . o 13)
By Susan E.Peterson oast
Star Tribune Staff Writer 0
Manufacturing moves outward Z.
Manufacturing opera-
tions are declining in Min- The trend in Minnesota is for manufacturing to move out of the two
neapolis and St. Paul while core cities,as witnessed by the change in the number of plants and
growing in the suburbs and employees at the top 25 Minnesota industrial cities.
elsewhere in Minnesota,said No.of plants No.of employees
the Manufacturers' News per, - p
Inc.,which publishes annual 1998 1997 dig. 1998 1997 chg. . ..
state directories of manufac- Minneapolis 1,770 1,882 -6.0% 82,739 84,561 -22%
tuners. St Paul 832 832 - 38,460 38,522 -0.2
Overall,there were nearly
2,000 more manufacturing Eden Prairie 190 191 -0.5 12,459 12,181 +23
jobs but 21 fewer plants in Rochester 105 110 -45 10,612 10,274 +3.3
Minnesota last year,the 1998 Bloomington 176 172 +2.3 9,406 9,675 -2.8
edition of the Minnesota gan 86 80 +7.5 9,389 9,420 -0.3
Manufacturers Register said.1111 StECloud 127 -7.1 9,306 9,258 +0 5
The state is home to 11,215
plants employing 489,905 Plymouth 167 175 -4.6 8,287 8,349 -0.7
people. Winona 118 117 +09 8,230 8,255 -0.3
There is an ongoing trend Owatonna 79 76 +3.9 7,522 7,915 -5.0
of manufacturers' leaving Minnetonka 121 125 -3.2 7,327 7,532 -2.7
the Twin Cities and setting
up shop in the suburbs or Hutchinson 53 51 +3.9 6,261 6,312 -0.8
outstate Minnesota, the Burnsville 161 155 +3.9 6,004 6,122 -1.9
directory said.Minneapolis Chaska 66 70 -5.7 5,764 5,665 +1.8
had a net loss of 166 mann- Mankato 124 122 +1.6 5,534 5,474 +1.1
facturers the past three
years, while St. Paul lost 17 Anoka 85 77 +10.4 5,470 5,357 +2.1
plants in that time. The 23 Maple Grove 97 104 -6.7 5,272 4,945 +6.6
Minnesota cities with the Chanhassen 46 40 +15.0 4,554 4,561 -0.2
next most plants had a net Duluth 187 187 - 4,478 4,558 -1.8
increase of 470 plants the
Willmar 58 59 -1.7 4,075 4,417 -7.7
past three years.
Ten years ago,more than North Mankato 30 29 3.4 3,892 4,093 -4.9
31 percent of the state's Bayport 5 5 - 3,734 3,789 -1.5
plants were in Minneapolis Golden Valley 65 64 +1.6 3,711 3,584 +35
and St. Paul, the directory 'Hopkins 85 88 -3.4 3,633 3,537 +2.7
company said. The Twin •
Cities now account for 23 Austin 37 39 -5.1 3,552 3,497 +1.6
percent of the plants. State total 11,215 11,236 -0.2 489,905 487,981 +0.4
"It's a trend we've seen in Source:Manufacturers'News Inc.
most large American cities,"
said Thomas Dubin, presi-
dent of Manufacturers'
News,based in Evanston,Ill. Of Minnesota's top 10 in- In the 1998 Minnesota di-
While retailers are willing to dustrial cities, two showed in- rectory, industrial machinery
pay higher prices for a cen- creases in the number of plants and equipment firms are the
ter-city location, man- the past year,while six showed largest group, accounting for
ufacturers "are merely in- declines and two stayed the 17.5 percent of the total.Print-
terested in where they can same. Minneapolis gained 28 ing and publishing ranked sec-
produce their product most plants and lost 140, for a net ond, metal fabricating third,
efficiently and economical- one-year decrease of 112 food fourth and lumber and
ly,"he said. plants. St. Paul gained 32 and wood products fifth.
lost 32 for no change.