7A, Draft Guiding Plan for B2 District

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Plan Implementation Program the space for such landscaping will be entirely on private property (the public right-of- way is almost entirely taken by the road). The City could potentially design, fund and install the improvements on easements, though working with private enterprises and non- profit partnerships is encouraged for implementation and long-term maintenance. Estimated Costs and Potential Funding Sources The preliminary cost estimate for the traffic and streetscape improvements is $2.0 million (2008 dollars). Funding sources will be determined by the City Council but could include: · City general funds · Special assessments on benefiting properties · Private sources · Municipal State-Aid funds · Tax increment financing · Tax abatement · Ramsey County funds · Grants The preliminary estimated costs do not include utility or other underground work, which would need to be evaluat~d during the feasibility study and potentially included with the streetscape improvements. Timing the Median Construction and Access Changes It is important to note that the County Road E improvement plan calls for building a raised, landscaped median that would eliminate left-turn traffic movements except at the signalized intersections at the Highway 51 ramps, Pine Tree Drive, a planned new intersection between Pine Tree Drive and Lexington Avenue, and Lexington Avenue. That median would, thus, affect all businesses in the corridor particularly the high- volume retail enterprises and especially Arden Plaza, the largest retail operation in the study area. Creating a new signalized intersection between Pine Tree Drive and Lexington Avenue is judged to be essential for the long-term viability of Arden Plaza and the former Holiday Inn site. The City wishes to achieve this improvement while minimizing or totally avoiding adverse effects on those two properties. Coordination of the public improvement with the redevelopment of both of the private properties is essentiaL Therefore, the City will continuously consult with all affected property owners in the corridor before ordering these improvements with the aim of targeting the ideal year. However, if one property redevelops before the other and the new intersection is judged to be critical to its success, the City Council will take that into consideration. It goes without saying that Ramsey County will be involved in this process since the County has jurisdiction over the road. The City of Shoreview will also be closely 7 -2 The New lake Johanna Boulevard 21 October