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REASONS WHY TO-- SUPPORT SOUTH CAMPUS REDEVELOPMENT Paul's Place is ' blighted area — both in buildings & in use Simpson Used Cars is 'grandfathered' -- a non -conforming use The real estate tax base has seriously eroded -- from $102,221 in 1991 , to $71,929 in 1 992 to a "captured' tax capacity of $52,726 in 1 993 4# The new real estate tax base established by South Campus Redevelopment will exceed $650, 000 per year —10 times present base -- no further slide 46 Senior. Housing (65+) has been shown to be very needed by the 3 Maxfield studies made both by the City of Roseville and by College Properties 4C* The need for Senior Housing is the fastest growing segment of the Roseville housing spurn. Roseville had the largest senior ( +) population in the study area. Their growth rate was 66.4% from 1980 to 1 990 0 The Vintage road along Snelling with its connections to Lydia Avenue and County Road C2 is sub - standard and dang6rous 4� The new frontage road mril l help neighbors living west off Lydia to stay off the already busy Snelling Avenue when returning north from shopping 0 A new six foot wide side walk will create a better & safer way to walk to and from Byerly's, etc, of The Dice Creek ditch is in creed of repair acrd. maintenance =-• this project will help in,comecting the problem Northwestern. College is a 'known' factor as an existing part of the Rosevi Ile family and as a neighbor -- not an out -of#tom developer (here & gown) Presbyterian Homes, with an established reputation, will be managing and providing services for the senior residences 41# With the additional acreage, Northwestern College can maintain its quality campus v4thout having to build all .of its expansion on existing grounds 41, Seniors moving from their Roseville homes into senior housing will allow young families with children to mere into the City — creating funds for education 41, Increased usage of senior programs in the Roseville Soho-ol District -- subsequent review by Senior bleeds Task Force adds additional support Fifty eight (58) new permanent jabs wi I l be created — plus mare construction $ $ 0 This redevelo p rent i l take NO IT ODDS or guarantees — the T. I. F. requested is F ]►-as- you of — not up front dollar's COLLEGE PROPERTIES, INC. -is a non-profit -- no individuals mare money no money leaves the project 0 Creates funds for Roseville now,,., over $250,000 from the bond issue fee 10T in Park Pees — plus permit and license fees A UNIQUESITUATION — "WIN -WIN" FOR EVERYONE , ... .