01-19-2023 EDC - Laserfiche WebLink

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The Mounds View Vision A Thriving Desirable Community Item #: 7A Meeting Date: January 19, 2023 Type of Business: EDC City of Mounds View Staff Report To: Economic Development Commission From: Brian Beeman, Assistant City Administrator Item Title/Subject: Reports of Staff A. Rice Creek Commons (TCAAP) Development Update In late spring of 2019 project engineers were in the process of plans for mass grading, utility installation, and primary roadways on the site. This work was slated to be completed in 2019. Initially, the first phase of housing and early commercial construction was expected to begin in 2020 and when fully realized, the mixed-use development was expected to offer 1,460 housing units, support at least 4,000 living-wage jobs, and generate approximately $8.6 million in property taxes annually. Ramsey County Commissioner Nicole Joy Frethem met with the Mounds View City Council January 11, 2021 and stated that the law suit is still in effect however, neither party is at liberty to mention any details of the lawsuit. However, she stated that they feel progress is being made and they are nearing an agreement. “All construction is still on hold”. According to the Startribune, January 10, 2023 the newly elected Arden Hill City Council members immediately began to move forward with their unified campaign promise: thaw a political stalemate and develop the former Twin Cities Army Ammunition Plant site. The majority promised to spur TCAAP development. B. Skyline Redevelopment The Village at Mounds View is a 120 unit affordable senior living facility being constructed at the old Skyline Motel site. It is anticipated that it will be completed June 2023. Bauer Welding has indicated that they will use their 2 acres of vacant land for their own expansion. Bio Clean is still planning to expand their operations as well. However, it is unknown when their expansion will occur. C. Long Lake Woods Marty Harsted is moving forward in creating 12 new single-family residential lots. He would like to break ground in the summer of 2023. He apparently has about four homes that would be built right away once the development has been completed. D. Tom Fields Estate A developer had planned to purchase three lots from Tom Fields located across from Lambert Park to construct three assisted living homes, however Mr. Fields has delayed the project. Therefore, the developer has backed out of the project. Three more developers have inquired about these lots, however the asking price is too high and they have backed out as well. This project is on hold until the land owners agree to move forward. E. Simon’s Building The Simon’s property has a signed purchase agreement by a local dentist and the Phase I environmentals have been completed. He is working on the possibility of small apartment building because the lending institution he was working with is not favorable on a mixed-use product. F. New Vision Theater The movie theater owners are considering a feasibility study to determine the highest and best use for the property. AMC currently has a lease agreement of approximately six years. G. MV Square The City has received a grant from Ramsey County to conduct a redevelopment study in the Mounds View Square area. Staff is cooperating with Paster Enterprises. It is unknown when the study will be completed. Does the EDA have any ideas for this potential redevelopment that staff can pass along? H. Long Lake Cove A proposed three building, 7 unit townhome development is scheduled for April or May 2023 at the intersection of County Road I and Long Lake Road. I. Ardan & Greenfield Park Redevelopment Five housing developers presented their proposals for townhomes and single-family products at the January 3,