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• <br />4. LAKE DRIVE DEVELOPMENT <br />2003 Review: An evaluation of the potential for a Redevelopment TIF <br />District was completed for the sites west and north of the <br />Target site. <br />PURPOSE: Establish an environment that favors more orderly <br />commercial and industrial growth on Lake Drive from <br />Hodgson Road to Main Street in Lino Lakes. <br />TIME FRAME: 2002 -2010 <br />ASSIGNED TO: Community Development team <br />STRATEGY: <br />1. Identify areas for redevelopment due to existing non- <br />conforming conditions, compatibility problems or under - <br />utilization of the site. <br />2. Facilitate the development of new mixed use retail and office <br />centers on Lake Drive, including the city owned parcels (3 <br />acres), by promoting redevelopment TIF to assist in the <br />purchase and demolition of non - conforming uses. <br />3. Market and sell the city owned parcel on Lake Drive /Hodgson <br />Road. <br />4. Identify opportunities to consolidate site access points and <br />promote shared driveways. <br />PROJECTED RESULTS: <br />Development of Lake Drive from Hodgson Road to Main Street in <br />a manner that realizes its full potential and meets the objectives <br />for Lake Drive in the Comprehensive Plan <br />8 <br />