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DRAFT-12/27/07 ' <br /> businesses, auto salvage yards, and a recycling center. The majority of the <br /> businesses have minimal investments into buildings or site improvements, and <br /> many of these will likely be redeveloped as municipal services are extended to <br /> these areas. <br /> Peloquin Industrial Park <br /> This industrial park located at Highway 61 and 152nd Street was developed on <br /> gravel streets and without municipal services. Uses generally include <br /> manufacturing, warehousing, and contractor type businesses. Businesses are <br /> generally located in metal buildings on gravel lots, and contain minimal site <br /> improvements. The City extended municipal sewer and water and constructed <br /> paved city streets with drainage improvements to the industrial park in 2004. <br /> Since that time, the City has seen substantial new investment in the industrial <br /> park, resulting in the construction of new buildings, site improvements, and <br /> ultimately new businesses locating within the park. <br /> Bald Eagle Industrial Park <br /> This Industrial Park was developed by the City, beginning in 1999 with the use of <br /> Tax Increment Financinlq. The park is located along a rail spur beside Highway <br /> 61, and between 130 h and 140th Streets. Construction standards were <br /> established, resulting in higher quality concrete buildings, and sites that are <br /> paved and landscaped. The City's largest employers are located in the park. <br /> Uses consist primarily of manufacturing, technical, warehousing and construction <br /> related businesses. There is also a pet resort and a mini-storage located in the <br /> park. Development of this industrial park along a rail spur has been a major <br /> success, and the park is now home to the largest concentration of jobs in the <br /> City. <br /> County Road 8 Gateway <br /> The area near the intersection of CSAH 8 and Victor Hugo Boulevard has been <br /> experiencing significant retail development over the past two years. In 2006, <br /> improvements were completed on to County Road 8, which resulted in a four- <br /> lane divided roadway, including extensive landscaping, street lighting and <br /> decorations. The roadway not only improves traffic capacity, it establishes an <br /> improved entrance to the City. Development in this area includes a grocery <br /> store, retail shops, several banks, restaurants, medical uses, a gas station, and a <br /> day care. The buildings offer a high level of architectural design with quality <br /> materials and innovative site planning, landscaping, and attention to detail. <br /> Demand for retail space at this location is mostly due to the recent surge in <br /> residential development in Hugo, the proximity to Interstate 35E, and the recently <br /> completed road improvements to the County Road. <br /> Chapter 6 6-2 <br /> Economic Development Plan <br /> aq��r <br /> ugo <br />