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EDC Minutes March 16, 2018 Page 4 of 5 depending on the configuration and if retail is included or not. There would be underground parking and they would work with the City to sign a development agreement that likely will include higher end finishes, aesthetics, and landscaping etc. Rice Creek Commons Coordinator, Beeman provided the Commission with an update on the Crossroad Pointe redevelopment site stating that the infrastructure is expected to occur in 2019 and new housing & commercial starts are expected in 2020. North Metro Business Council The North Metro Business Council meeting was held at the Mermaid Event Center March 14 where the group heard an update from Barclay Kruse from the National Sports Center (NSC) in Blaine. Beeman said the main takeaways are the NSC provided $79 million in annual tourism impact, a pedestrian bridge is planned over 105th Street in Blaine and an overpass at 109th Street. Freichels provided additional information, he said they are looking at building a hotel and Dist. 16 is looking to construct a magnet school. They are also the largest armature site in the country. They are also looking at bringing in an actual clinic on-site. The State of MN actually owns the site. Helgemoe said the expansion plans are exciting and it has the second largest draw behind the Mall of America and an international draw. They about 50 soccer fields and all of this helps local businesses. MWF Developers Beeman informed the Commission that MWF Properties has requested Tax Increment Financing (TIF) for their project. The Council created the housing TIF district recently and the City is cooperating with the developer to acquire the tax forfeiture properties. TIF plan a late fall 2018 start is all goes well. They found some contamination at the old gas station and will be working through that. Beeman said he is meeting with two more developers who are also proposing multi-family housing. Other Upcoming Events/Reports Beeman informed the Commission that the Mermaid is looking to refurbish the Mermaid statute and will relocate it somewhere on site. They are looking at the possibility of rebranding and updating their facilities. 8. REPORTS OF COMMISSIONERS Commissioner Helgemoe reminded the EDC that the next Twin Cities North Business Council meeting will be held June13 at the Mermaid and the topic will be cyber security. 9. NEXT REGULAR EDC MEETING Chair Freichels reminded the Commissioners that the next EDC meeting will be held April 20, 2018 at 7:30 a.m.