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The Mounds View Vision <br />A Thriving Desirable Community <br /> <br /> <br />Item No: 6A <br />Meeting Date: September 23, 2019 <br />Type of Business: EDA Business <br />Administrator Review: ____ <br />City of Mounds View Staff Report <br />To: EDA President and Commissioners <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: Ehler’s to Provide Update on Redevelopment of Skyline Motel site <br />and Recommended Process Moving Forward <br /> <br />Introduction: <br />Ehler’s, the City’s Financial Consultant, has been in contact with Commercial Investors Group <br />(CIG) who has proposed building a hotel on the Skyline Motel site. CIG informed the team that <br />the financial feasibility study came back indicating that a hotel at that site will not be financially <br />feasible. Therefore, Ehler’s attempted to contact other hotel developers without success. <br /> <br />Discussion: <br />Ehler’s will update the EDA on the redevelopment site and offer recommendations and a strategy <br />moving forward. <br /> <br />Strategic Plan Strategy/Goal: <br />Create and maintain a positive business climate where businesses want to locate and remain in <br />Mounds View. Maximize utilization of development space and current redevelopment sites. Fill <br />vacant space and support redevelopment & development. <br /> <br />Financial Impact: <br />None <br /> <br />Recommendation: <br />Hear Ehler’s update and recommendation and ask questions as needed. Direct staff accordingly. <br /> <br />Respectfully submitted, <br /> <br /> ________________________ <br />Brian Beeman <br />Assistant City Administrator <br /> <br /> <br />Attachments: <br />1. None. <br />