Agenda Packets - 1995/11/06 - Laserfiche WebLink

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A. LAKE PHALEN CORRIDOR INITIATIVE (information taken from Minnesota Real Estate Journal, April 17, 1995). THE PROJECT The new boulevard would run along an old railroad corridor from Interstate 35E through the East Side and connecting to Prosperity Avenue at Maryland Avenue. Although just one component of the overall initiative, the new road would open the area to industrial redevelopment, brin•'ng jobs and added revitalization to East Side neighborhoods. The project envisions more then 100 acres of redevelopment industrial land alongside Phalen Boulevard, a limited access roadway that would link Lake Phalen with Interstate 35E. THE BENEFITS • The project could eventually provide close to 1.5 million sq. ft. of new industrial space, and they hope, more than 2000 new jobs for an area that sorely needs it. • The project could also serve as a model for inner-city development. Urban centers across the country complain that they have land and a workforce primed for industrial jobs, but that new growth is almost exclusive to suburban areas, where development is cheaper and easier. • The project's supporters hope the boulevard would entice existing firms to stay and expand in the East Side, and even encourage others to locate in the area. B. HOPKINS COUNTY ROAD 3 CORRIDOR STUDY (information taken from County Road 3 Corridor Study, February 21, 1995). THE PROJECT Roadways in each community form an essential element of a community pattern. In Hopkins, the pattern of roadways separates the community into definable areas. County Road 3 is a key traffic artery but also has the potential to link the community rather than form another major geographic divider. Because of the emphasis placed on County Road 3 resulting from the Strategic Plan, the Hopkins City Council identified the need to complete a more strategically focused corridor 10