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Lino Lakes Town Center The I-35W/Lake Drive interchange represents the City's Town Center. Within the Town Center, commercial land uses are proposed at all four quadrants of the freeway interchange. The city intends the Town Center area to become a commercial and civic focal point for the community. The SE quadrant of I-35W/Lake Drive interchange 1-35W/Lake Drive interchange represents the mixed -use section of the Lino Lakes Town Center. This area, developed in 2004 as "Legacy at Woods Edge", is intended to integrate a mixture of commercial, medium and high density residential, and public land uses in an attractive and cohesive design. City hall, a YMCA, and a community green emphasize the community focus. A complete "Design and Development Guide" has been adopted to support the community's vision and establish standards for all development within the area. The project was a causality of the Great Recession and the property reverted to the State of Minnesota due to tax delinquency. In 2013 the City's Economic Development Authority obtained ownership of the remaining 20 acres though special legislation, allowing for greater authority in determining the type and timing of development. Lino Lakes' ability to be flexible both on land sale pricing and type of development, plus the potential to assist with financing gaps will ultimately facilitate a development plan that meets the city's goals. 1n 2015 the EDA facilitated the sale of 11 acres to a national builder for the completion of the town home area in the northeast quadrant of the site consistent with the development master plan. Approximately 9 acres remain. The city may wish to consider rebranding the site as part of its continued marketing efforts. Interstate 35E and County Road 14 Corridor The Interstate 35 Corridor, centered on County Road 35E represents the City's largest potential for commercial and industrial development. With over 3 miles of interstate frontage on both sides of the interstate the site offers excellent visibility and access for commercial and industrial development. C I T Y O F - C ES Located equal distance from existing market hubs of Vadnais Height (County Road E) and Forest Lake, the interchange area provides principal access to growing markets of Lino/Centerville and Hugo/south Forest Lake. The city has previously undertaken both planning and infrastructure improvements in the area to prepare for and facilitate commercial and industrial development. The 35E Corridor Alternative Urban Areawide Review (AUAR) was completed in 2005 and continues to be updated. The City partnered with Anoka County to reconstruct the I-35E/Main Street interchange in 2010. The city is currently completing a Comprehensive Stormwater Management Plan to address storm water management deficiencies in the corridor covering approximately 1,300 acres. The 2040 Land Use plan also includes the establishment of a Business Campus designation to provide for the high - quality, integrated development of a wide range of business uses. Figure 5-9. Lino Lakes Town Center DRAFT Jan25-18 Lino Lakes Comprehensive Plan Update for review only Chapter 5: Economic Development 55