Laserfiche WebLink
2008 Mounds View Comprehensive Plan <br />______________________________________________________________________________ <br /> <br />Chapter 7: Economic Development 7-4 <br /> <br />Economic Development Challenges <br /> <br />The following challenges and action steps are, to varying degrees, mitigated by the presence of <br />financial and other incentives that encourage or allow economic development. Successful economic <br />development will need careful monitoring of these existing and developing challenges so the City <br />can make realistic and timely efforts to emphasize Mounds View’s many positive attributes. These <br />efforts would be to effectively minimize or counteract any negative perceptions or circumstances in <br />or of the City. Examples of such challenges and action steps include the following: <br /> <br />• To address the relative scarcity of raw land suitable for new construction, and in light of the <br />small size of the few remaining parcels of undeveloped land, the City will: <br /> <br />• Prepare and periodically update an inventory of undeveloped land. <br />• List available parcels on the City Web site with the knowledge and consent of their <br />owners/agent. <br />• Consider acquiring and/or clearing underused sites suitable for new construction. <br />• Focus development efforts on businesses suitable for smaller lots and investigate the <br />possibility of combining adjoining lots to accommodate businesses that need larger sites. <br /> <br />• In situations involving unrealistic price expectations on the part of those who own undeveloped <br />land or parcels of land prime for redevelopment (i.e., asking prices well in excess of actual <br />market value), the City should: <br /> <br />• Wait for the market to catch up with currently excessive asking prices. <br />• Investigate options that might reduce those prices (offering relocation assistance, etc.) <br />• Obtain market input from developers and other development/redevelopment <br />professionals. <br />• Educate property owners about market values and realities. <br /> <br />In cases involving actual or perceived neighborhood opposition to commercial development or <br />redevelopment, the City will: <br /> <br />• Consider surveying nearby residents to determine their preferences for land uses. <br />• Consider conducting neighborhood meetings or public hearings for proposed commercial <br />development (s).