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Mounds View EDA December 11, 2006 Regular Meeting Page 2 A. Review and Discuss Premium Stop Redevelopment Area Plans, Presentation by 44 DSU/Bonestroo 45 46 Community Development Director Ericson explained that the Authority authorized Bonestroo to 47 conduct a market analysis and market study of the Premium Stop property incorporating the 48 Roberts property all the way south to the Wooddale Drive intersection. He then said that the 49 Authority recognized that it made sense to determine what could be done with the site based on 50 the constraints of the site and asked Bonestroo to provide a study to help the City guide the 51 development of this site. 52 53 Director Ericson indicated that acting proactively will give developers and the City an idea of 54 what would be appropriate for the site rather than waiting for redevelopment to be proposed for 55 the site. 56 57 John Uban addressed the Authority and provided an overview of the market research and review 58 of the site. 59 60 Mr. Uban indicated that within the next three to five years the area will begin to develop and this 61 site could be used to leverage greater development opportunities. 62 63 Commissioner Flaherty said that he did not know that the City was going to include the Roberts 64 site in this report. 65 66 The Authority indicated that it was to be included. 67 68 President Marty asked about short-term development being limited to highway business and 69 listed them from the report. He then said that he was wondering about what types of retail and 70 what types of restaurants are being referred to because he thought the City commissioned this 71 study to have them go out and do a market analysis to determine what types of businesses would 72 fit what there is a market for in this area. 73 74 President Marty said that he felt that the purpose of the study was to determine what types of 75 businesses would fit the market so that the City could go out and solicit the types of businesses 76 that will work in this market. 77 78 Mr. Uban indicated that there is a need to start with a general overview of the possibilities rather 79 than limiting it before soliciting the market for potential. 80 81 Jay Demma said that the idea was to set this up as a neighborhood oriented concept that will 82 work on the site rather than a destination oriented project. He then said that to get to specifics of 83 the type of restaurant that might serve the local area would get involved in a scope of research 84 that would take a lot more time and money as you would have to get into the detail of focusing 85