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04-30-07 Item 7C, Contract Relating to Purchase and Development of TCAAP
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04-30-07 Item 7C, Contract Relating to Purchase and Development of TCAAP
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6/25/2007 4:29:19 PM
Creation date
4/26/2007 2:50:37 PM
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04-30-07 Item 7C, TCAAP Financial Consul
General - Type
Agenda Item
Category
TCAAP Financial Consulting Contract
Date
4/30/2007
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<br />Case Studies <br /> <br />St. Anthony, MN <br /> <br />Our redevelopment planning process enabled St. Anthony to fmally get results in efforts to replace the <br />obsolete Apache Plaza Mall. The 50-acre redevelopment site features new retail, office space, town <br />homes, urban flats, and market rate apartments, as well as a 5.6-acre central park. When completed, the <br />development will bring a total of 662 new housing units, 228,000 new square feet of retail and 25,000 <br />square feet of office space to the community. <br /> <br />Critical to the success of this redevelopment has been a public involvement process in which thousands <br />of residents and business people worked together in open houses, forums and workshops to create a <br />vision for the new development, "Silver Lake Village." Ehlers' success with redevelopment has found <br />that for redevelopment to be completed, four elements must be present in the proposed project: <br /> <br />. Financial feasibility; <br /> <br />. Market feasibility; <br /> <br />. Consistency with community goals; and, <br /> <br />. An experienced developer. <br /> <br />Ehlers was involved in every aspect of this project from: <br /> <br />. Writing the RFP for developer selection <br /> <br />. Completing financial analysis ofthe project <br /> <br />. Negotiating the development agreements <br /> <br />. Writing grants <br /> <br />. Managing the project from inception through implementation due to limited staff <br /> <br />Arden Hills Proposal for Resource Plan and Fiscal Impact Analysis <br /> <br />TeMP <br />
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