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~' ECONOMIC DEVELOPMENT ELEMENT <br />DEVELOPMENT/REDEVELOPMENT <br />Plan Elements <br />The City of Falcon Heights has virtually no privately owned vacant land available for <br />development. Already small in population, size and geographic area and having limited <br />tax base, it is prudent for the City to continue taking advantage of opportunities to <br />collaborate with and create partnerships with other government entities to provide a full <br />range of high quality public services. ''"~ `' + ~ *''° `~''" +" " '~~ <br />Y ~ 1"~ <br />iva Y'................~..t.~~~..~~., --- - -- --- - - -- - -- - - - . <br /> u•• <br />~ R I <br /> f <br /> <br /> <br />1 1 <br />~ r~ r <br />• If University of Minnesota policies change so as to allow the sale of land for private <br />development, there could be a substantial opportunity for the development of <br />approximately 102 acres between Larpenteur and Roselawn Avenues east of Fairview. In <br />this case it will be the City's intent to assume regulatory authority and encourage <br />developments that are consistent with the goals and policies of this Comprehensive Plan. <br />Such development will be designed to be a walkable, vibrant urban neighborhood, <br />incorporating housing, business and retail areas, parks and trails, accessible to transit and <br />respecting the urban rural open space character that is highly valued by the City's <br />residents, especially adjacent to existing neighborhoods [and along Larpenteur avenue?]. <br />The same principles will apply to any State Fair land south west of the Snelling and <br />Larpenteur intersection, should this land be sold for development. <br />Economic Development Obiectives <br />1. To continue the growth of the City's tax base by maintaining and upgrading the <br />existing housing stock, redeveloping blighted areas, rehabilitating deteriorating <br />buildings and properties, retaining businesses and improving esthetics. <br />2. To be prepared to address the development of University of Minnesota lands ~ <br />~°«*°••-• ^ •,°«••° and the State Fairgrounds lands west of Snelling Avenue. <br />Economic Development Policies <br />1. Encourage growth in tax base primarily through upgraded and increasingly <br />concentrated retail centers. (How does this mesh with walkability and healthy living <br />• goals?) <br />Assembled Elements, Draft 1 FH Comp Plan 2007 Page 41 of 42 <br />