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2003_0203_packet
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2003_0203_packet
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L? <br />,stimated Redevelopment costs: <br />* These costs are associated with preparing land for! development and are th <br />shared responsibility of the private developer and public sector. Typical Ian <br />a,cqu,isition costs, are between $6-$8 per s.f. with total Twin, Lakes <br />redevelopment costs estimated at $16-$18 per <br />County contnbutions: (unknown) <br />Total Sources <br />$1 30,1018100 <br />$ 350,000 <br />$1 500,000 <br />$ 571000,000 <br />$1 <br />$1 <br />$ 879958000 <br />2.2 The Council, consensus has always been to redevelop, Twin Lakes using a market <br />blas�ed approach. The m,arket-based approach is assisted by removing the barriers, to <br />redevelopment such as, dilapidated buildings, unique utilities and streets, <br />contanunation and soil conditions. This, allows private developers to compete with <br />* C4 <br />vacant land In the outer suburbs, I to level the playing fleld". <br />2.4 In addition to re�moving blaff iers so that brownfield redevelopment in Roseville can <br />compete with the "greenfields" in the outer suburbs, some neighbolnng communities <br />a <br />in the I*nner fing suburbs have or are pursuing Weci'al, tax increment legislation. This <br />PF-3232 — RCA — Spec Legislation Proposal Page 2 of 4 <br />0 <br />
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