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Table 2 <br />116.units <br />Gem Lake Workshop <br />194 units <br />None <br />.44..townhames .owned <br />;24 townhomes <br />4.a .art neiiis;.=;.venial:.:.<..:.::.72;apar <br />p <br />ments ::. . <br />4.8 con . os `:owns. <br />cor3. os =. owns ... <br />26 sing lefamil ` <br />75% rriarket rate <br />25°/o afioirdable <br />'f18 of uniwpffup pdable <br />125,000 sf 20,000 sf 50,000 sf community <br />center <br />100,000 sf Hyvee 5;000 coworking space <br />2,500 sf outlots 15,000 commerciaVreta€I 1.5,000 sf brewery <br />Discussion Themes <br />• Create a place where people want to came to <br />• Bike rental/support and bike lanes on Co Rd E <br />• Would a new community center compete with existing facilities? Like the YMCA, <br />hockey center. <br />Financial Feasibility <br />Scenario 1: Possibly feasible. Nationally -known retailers like CVS, HyVee, Starbucks <br />aid in feasibility. The challenges' for -sale housing must cost $525,000 plus per unit in <br />order to subsidize the other development. I nfrastru du re to support the development <br />adds cost. <br />Scenario 2: Sizable but possibly solvable gap (approx 20%(. For sale housing prices <br />would need to be over $425,000. Commercial uses would need to be strong enough to <br />be financially feasible (points. to national chains). Government subsidy (for example, <br />TIF) likely needed for feasibility. <br />• • &1 <br />