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04-05-2021 WS
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04-05-2021 WS
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4/27/2021 10:29:22 AM
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4/27/2021 10:25:18 AM
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MV City Council
City Council Document Type
Packets
Date
4/5/2021
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Mounds View City Council Work Session, April 5, 2021 30 <br />Total Estimated Current Acres Available for <br />Redevelopment and Amounts <br />The City is approximately 4.03 Square Miles or 2579.198 Acres, translating to <br />112,350,000 Sq.Ft. <br />Total Combined Redevelopment Potential approximately 102.6 Acres or <br />4,469,260 Sq.Ft. <br />3.98% or 1/25 of all 4.03 acres has redevelopment potential <br />At $7.00 p/Sq.Ft., 102.6 acres translates to $31,284,820 as-is unredeveloped <br />property <br />There are too many variables (type of product, size, etc.) to calculate the <br />completed redevelopment amounts. Hypothetically, if six times the current <br />estimated undeveloped property, that is $187,708,920
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