EDA Packet 09.19.17 - Laserfiche WebLink

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Peloauin Industrial Park This industrial park located at Highway 61 and 152nd Street was developed on gravel streets and without municipal services. Uses generally include manufacturing, warehousing, and contractor type businesses. Businesses are generally located in metal buildings on gravel lots, and contain minimal site improvements. The City extended municipal sewer and water and constructed paved city streets with drainage improvements to the industrial park in 2004. Since that time, the City has seen substantial new investment in the industrial park, resulting in the construction of new buildings, site improvements, and ultimately new businesses locating within the park. Bald Eagle Industrial Park This Industrial Park was developed by the City, beginning in 1999 with the use of Tax Increment Financing. The park is located along a rail spur beside Highway 61, and between 1301h and 140th Streets. Construction standards were established, resulting in higher quality concrete buildings, and sites that are paved and landscaped. The City's largest employers are located in the park. Uses consist primarily of manufacturing, technical, warehousing and construction related businesses. There is also a pet resort and a mini -storage located in the park. Development of this industrial park along a rail spur has been a major success, and the park is now home to the largest concentration of jobs in the City. County Road 8 Gateway The area near the intersection of CSAH 8 and Victor Hugo Boulevard has been experiencing significant retail development over the past two years. In 2006, improvements were completed on to County Road 8, which resulted in a four -lane divided roadway, including extensive landscaping, street lighting and decorations. The roadway not only improves traffic capacity, it establishes an improved entrance to the City. Development in this area includes a grocery store, retail shops, several banks, restaurants, medical uses, a gas station, and a day care. The buildings offer a high level of architectural design with quality materials and innovative site planning, landscaping, and attention to detail. Demand for retail space at this location is mostly due to the recent surge in residential development in Hugo, the proximity to Interstate 35E, and the recently completed road improvements to the County Road. 6.4. OPPORTUNITIES AND BARRIERS TO ECONOMIC DEVELOPMENT Since 1999, the City's Bald Eagle Industrial Park has seen steady development. Today, nearly all the property within the industrial park has been developed. Multiple quality businesses have located in the industrial park, bringing diverse, quality jobs to the City. Business owners that have selected to move their business into the industrial park have identified a number of advantages to locating a business in Hugo, including: