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6.4. HRSR 09-05-2023 Request for Action To Item Number Housing and Redevelopment Authority 6.4 Agenda Section Meeting Date Prepared by General Business September 5, 2023 Joshua Mollan, Economic Development Specialist Item Description Reviewed by Placer.ai Presentation Brent O’Neil, Economic Development Director Reviewed by Cal Portner, City Administrator Action Requested Item presented for information and discussion purposes. Background/Discussion Staff will use this time to share a presentation of relevant reports and features from the Placer.ai program which include a leakage report, downtown visitation trends, 169 Redefine impacts, among others. Financial Impact N/A Mission/Policy/Goal Promote and support certain housing and redevelopment projects. Attachments  None The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023 Placer.ai Update September 2023Joshua Mollan Leakage Report Leakage Report Understand where potential tax dollars are lostIdentity entities for which residents leave the mostIdentify unmet needs for residents Leakage Report Leakage Report Leakage Report Leakage Report Leakage Report 32,000Maple Grove: –Costco 33,000Rogers: –Kohl’s 34,000Rogers: –Target 63,000Coon Rapids: –Costco 291,000Otsego: –Target Retail (2022)–City of Elk River 31,000Maple Grove: –Costco 36,000Rogers: –Target 43,000Rogers: –Kohl’s 68,000Coon Rapids: –Costco 304,000Otsego: –Target Retail (2021)–City of Elk River Leakage Report 9,000Rogers: –Noodle’s & Company 10,000Maple Grove: –Raising Cane’s 11,000Coon Rapids: –Raising Cane’s 12,000Maple Grove: –A -fil-Chick14,000Coon Rapids: –A -fil-Chick(2022)Fast Food & QSR –City of Elk River 8,000Rogers: –Freddy’s 9,000Maple Grove: –Raising Cane’s 9,000Maple Grove: –A -fil-Chick13,000Coon Rapids: –Raising Cane’s 14,000Coon Rapids: –A -fil-Chick(2021)Fa st Food & QSR –City of Elk River Leakage Report 42,000Coon Rapids: –Riverdale Commons 61,000Ramsey: –Marketplace Northstar63,000Albertville: –Albertville Premium Outlets 75,000Maple Grove: –Arbor Lakes Retail Center 77,000Maple Grove: –The Shoppes at Arbor Lakes Community Shopping Centers(2022)–City of Elk River 51,000Coon Rapids: –Riverdale Commons 66,000Ramsey: –Northstar Marketplace 67,000Maple Grove: –The Shoppes at Arbor Lakes 67,000Albertville: –Albertville Premium Outlets 71,000Maple Grove: –Arbor Lakes Retail Center Community Shopping Centers(2021)–City of Elk River Downtown Analysis Downtown Analysis 20232022202120202019 Downtown Visitation 12/111/110/19/18/17/16/15/14/13/12/11/120000150001000050000 Downtown Analysis(8/26)YTD 435,064464,731461,954367,531470,650456,612532,091Total651,814702,947692,580563,474699,591711,985766,054 est.2017201820192020202120222023 Downtown Analysis Santa in the Park3497Saturday, December 3FM/RCS: Shane Martin3512Thursday, August 4ERHS Prom3607Saturday, May 14FM/RCS: Mick Sterling3611Thursday, July 14FM/RCS: A Hard Days Night3681Thursday, July 7FM/RCS: Bad Girlfriends3753Thursday, July 21FM/RCS: The Rockin’ Hollywoods3954Thursday, June 16FM/RCS: Ladies of the 80’s4559Thursday, August 11Trick or Treat5068Friday, October 28 2022–Top Visitation Days Downtown Analysis$92,000Median:$104,000Average: Household Income 2022 Downtown Analysis 9.5%Thriving Boomers10%Flourishing Families10.1%Suburban Style18.2%Promising Families21.3%Booming with ConfidenceTop 5 Demographic Types: 2021 and 2022 Elk RiverFest Analysis Elk RiverFest Analysis 2.8%Sartell 56377 3.6%Anoka 55303 8.1%Zimmerman 55398 8.7%Big Lake 5530942.1%Elk River 55330 Top 5 zip code visitation by home location2,700 visitorsJuly 29, 2023–Elk RiverFest: Family Zone Elk RiverFest Analysis Hourly visitsElk RiverFest: Family Zone and Sips on Main Main Street Main Street 20,8482023 construction18,103ytd2023 16,262202214,928202113,153202016,1892019Average cars per day Main Street Hourly impressions Main Street Workforce 169 Redefine Analysis 169 Redefine Analysis 169 Redefine Analysis 169 Redefine Analysis 20232022202120202019 NB Highway 169 Traffic Counts 12/111/110/19/18/17/16/15/14/13/12/11/1350000300000250000200000150000100000 Thank you!Requests?Questions?