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Last modified
7/17/2007 9:25:33 AM
Creation date
5/13/2005 4:37:49 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10285
Resolution Title
AUTHORIZING CONTINUATION OF THE CONTRACT FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA
Resolution Date Passed
3/14/2005
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<br />TWIN LAKES, Roseville, Minnesota <br />Market Assessment & Demand Analysis <br /> <br />Retail-Restaurant Market Assessment <br /> <br />TRADE AREA DEMOGRAPIDCS <br /> <br />The following are key points regarding the trade area demography. Data for 2000 is from the <br />U.S. Census. Estimates (2004) and projections (2009) are from ESRl Business Information <br />Solutions, a nationally recognized demographic and econometric data services fIrm. A table <br />showing key demographic data for the 3-, 5- and 7-minute trade areas is provided on the <br />following pages. <br /> <br />. Within a 7 -minute drive time surrounding the Twin Lakes site resides an estimated <br />population base of 201,000 people and 87,000 households. This area extends into <br />portions of northeast Minneapolis and northwestern St. Paul, and includes all or <br />portions of the cities of Roseville, St. Anthony, Columbia Heights, Lauderdale, <br />Falcon Heights, Little Canada, Arden Hills, New Brighton, Shoreview and <br />Moundsview. <br /> <br />. Households residing in the 7-minute trade area have a median income of $52,280. <br />The immediate area (3-minutes) is more affluent, with a median income of$60,026. <br /> <br />. The median home value for the 7-minute trade area is estimated at $175,415, <br />compared to $198,708 within 3 minutes. <br /> <br />( <br /> <br />. In addition to persons residing in the trade area, persons working within this area are <br />a major source of consumer spending activity. In 2004, there are an estimated <br />170,000 employees working within 7 minutes ofthe Twin Lakes site. <br /> <br />. Annual per capita spending on retail goods and services is estimated at $11,624 for <br />persons residing with a 7-minute drive from Twin Lakes. Annual spending at <br />restaurants and drinking establishments is estimated at $1,994 per capita. <br /> <br />( <br /> <br />GV A Marquette Advisors <br /> <br />Page 37 <br />
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