2A, TCAAP Stadium Update - Laserfiche WebLink

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or Rice Creek Watershed District review. Staff anticipates that issues regarding lighting, trails, landscaping, utilities, drainage, etc., will be addressed in subsequent documents, but this should be clarified with County staff. Staff understands that the size of the Private Land has been determined to be 170 acres. The exact location of the Private Land, however, has not been determined. The location of private development may, in fact, be unknown until specific uses and input from secondary developers and market studies determine the ideal location relative to the stadium. Given the unknowns (i.e., what are the uses, where will they be located, how will they interact with the stadium development), it will be challenging to identify and address all City concerns. City Concern 95: Stadium development must be beneficial to the Cite of Arden Hills. Letter of March 21, 2011: Stadium development must provide a significant increase in jobs and tax base. Stadium development must enable remediation and productive development of the entire TCAAP site. Stadium development must further the City's community and economic development goals, both on the TCAAP site and elsewhere in the City. The Terms: The development of the Private Land is an important element of the redevelopment and revitalization efforts for the broader TCAAP site. The Stadium project is intended to act as the catalyst for the redevelopment and revitalization of the site. According to M.A. Mortenson Company, the Stadium will generate approximately 4.2 million hours of work or 673 full-time - jobs for three years. Once the stadium is completed in 2015, the operation will support - approximately 3,400 ongoing full and part-time jobs. Staff Comment: The Terms address the remediation and redevelopment of the entire site and provides a plan to bring the entire site back into productive use. City Concern 46: A tore-terns reuse and redevelopment plan for the stadium site roust be established prior to its develo inent. Letter of March 21, 2011: Given the stadium life cycle of thirty to forty years, secure funding set-asides must be created to guarantee that the site can be remediated to commercial and residential levels and redeveloped in the event that the site is no longer used for a stadium. The Terms: The Terms do not include any statements on this issue. Staff Comment: The Terms do not address plans for the site after the expiration of the proposed 30-year lease with the Team. City of Arden Hills City Council Meeting June 1, 20J 1 Page 4 of 5