10-19-11 EDC Packet - Laserfiche WebLink

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EXECUTIVE SUMMARY EXECUTIVE SUMMARY Ramsey County and the Minnesota Vikings organization have proposed a new stadium to be built at the site of the former Twin Cities Army Ammunition Plant (TCAAP) in Arden Hills. In August 2011, Governor Mark Dayton requested the Metropolitan Council and the Metropolitan Sports Facilities Commission (MSFC) to evaluate the stadium proposal to determine: • The potential risks, if any, of State participation in the Stadium Proposal and necessary regional transportation improvements. and • Potential ways to mitigate or eliminate any resulting exposure to the public. This report presents the results of that evaluation. It includes information from several sources, including the consulting firm of Kimley-Horn and Associates, Inc., the Metropolitan Council, the MSFC, Ramsey County, the Minnesota Vikings, the Minnesota Department of Transportation, the City of Arden Hills, the City of Shoreview, the City of Mounds View, the City of New Brighton, the City of Blaine, the Minnesota Pollution Control Agency, U.S. General Services Administration. the U.S. Army. the Minnesota National Guard, and others. The Stadium Proposal The Minnesota Vikings envision the Stadium Proposal Property to be a mixed-use development initially consisting of a new stadium, parking for stadium events, and possibly team facilities. Sometime in the future, depending on the state of the economy, the property would include a mix of commercial (office, retail, hotel, restaurants) and residential space. The Stadium Proposal Property would occupy 430 acres within the 2,400-acre TCAAP site (see Image 1 in the Scope of Analysis/TCAAP Site Ownership and Land Uses section of this report). Within this property, the stadium, parking areas, support facilities, and circulation roadways would be built on approximately 260 acres (the Stadium Parcel) . The remaining 170 acres (Development Parcel) would be reserved for future residential and commercial development. The 430-acre Stadium Proposal Property would be acquired by Ramsey County from the U.S. Army through the federal General Services Administration (GSA). The 260 acres of the Stadium Proposal Property (the Stadium Parcel), including the stadium facilities, .vvould be conveyed to a. Stadium Authority, to be established by the Minnesota Legislature. The Minnesota Vikings would enter The rvii.rinesota., Vikings envi.si.or.i. the Stadiurn. Iroosa.1 'Property to be a nrixed-ouse initially consisting of a new- stadium, parking for stadium events, and possibly team facilities.: Sometime in the future, cle.Tending on. the state of the economy, the property wcytil.d. include a. ntix of cerr.trrie.rda.1 arni residential space,: