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Section 3 - City Entrance <br /> Approximate Acres - 29 <br /> Current Character- Busy Cluttered Intersection where commuter traffic exits Interstate 35. <br /> This intersection includes several blighted commercial properties. <br /> Proposed Vision - Visually pleasing entrance to the City yet incorporating commercial uses that <br /> serve the vast visitor and commuter population in the area such as a hotel/conference center <br /> Benefits <br /> • Increase tax base. <br /> ■ Improve area aesthetics <br /> ■ Add to the job base <br /> ■ Clean up potential contaminated properties and dilapidated structures <br /> ■ Provide a gateway and destination for the North Metro <br /> Challenges: <br /> • City assistance needed in acquiring properties for redevelopment <br /> ■ Market area to a qualified developer <br /> Section 4 - Regional Business Center <br /> Approximate Acres - 94 <br /> Current Character - Mounds View Business Park consisting of various limited manufacturing <br /> \warehouse and distribution facilities. <br /> Proposed Vision - Preserve the current quality of the business park with completed parcel <br /> development to maximize the acreage. <br /> Benefits <br /> • Increase the commercial tax base <br /> • Increase job opportunities <br /> • A completed business park <br /> ■ Excellent Access to freeways <br /> ■ Very marketable to quality companies <br /> Challenges: <br /> ■ Request for pay-as-you-go TIF package to complete the last remaining building in the <br /> business park. <br />