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sites. The remaining 22% of the site would be development for neighborhood retail and <br /> 11/ office uses. <br /> • Based on this combination of uses, the estimates number of new dwelling units would <br /> exceed 600 units, the new residents could exceed 1400, and the number of children within <br /> the study area may exceed 350. <br /> • Park land needs for the 135 acres of development could exceed 10.7 acres. Land <br /> dedicated for ponding area could range from 6 to 7 acres, if needed. <br /> F. THE CITY OF WHITE BEAR LAKE DOWNTOWN WEST REDEVELOPMENT <br /> (information taken from RFP, April 1995) <br /> The City of White Bear Lake has experienced significant growth in development. Over <br /> the next five to 10 years, as vacant land is developed, redevelopment will become a key element <br /> of the city's strategy to maintain a viable and exciting community. As a result, the City of White <br /> Bear Lake created the Downtown West Concept Master Plan. When completed, the 10.3 acre <br /> redevelopment project will be a coordinated mixed-use development consisting or retail, office, <br /> dining, entertainment and housing. <br /> White Bear's tax increment finance plan enables the city to ensure site control of the entire <br /> project. Several properties are now on the market and may be acquired without city assistance. <br /> The city will, however, consider assisting in the acquisition of these properties as well as other <br /> properties not presently on the market, but within the redevelopment project area. To enhance <br /> this project, the city may use tax increment bonds to assist with the redevelopment if necessary. <br /> BENEFITS <br /> • Approval for Main Street Crossing. 100,000 sq. ft. Retail/Office space that will generate 1.7 <br /> million in taxes and create 100 jobs. <br /> G. CITY OF CHANHASSEN ESTABLISHMENT OF HIGHWAY CORRIDOR <br /> DISTRICTS to the Chanhassen City Code (information taken from Ordinance No. 212) <br /> THE PROJECT <br /> Highway 5 corridor represents the heart of Chanhassen as well as its dominating image of <br /> those passing through the community. The development of the corridor and within the corridor <br /> 4110 14 <br />