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would increase the overall economic viability of the Turin Lakes area by complementing future <br />redevelopment projects. <br />• The park and ride facility is anticipated to have a market value of $9,000,000. A park and ride <br />facility at this site would likely increase the market value of surrounding land uses by increasing the <br />vitality and desirability of the business park. The facility could help to encourage redevelopment <br />efforts on adjacent properties by providing an economic and social foundation to the <br />redevelopment area. The design and materials used in the proposed park and ride facility would be <br />high quality and the facility would be well maintained. <br />• The park and ride facility would provide additional transportation alternatives to area residents <br />commuting to downtown Minneapolis. In reducing bath the number of vehicles commuting to <br />downtown Minneapolis and the demand for downtown parking spaces, public health and welfare <br />would likely benefit. Buses provide a safe alternative to vehicular transportation to downtown <br />Minneapolis, improving overall public safety and welfare. <br />December 3, 2008 Page 3 <br />