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BENEFITS OF RED EVELOPMENT WHY REDEVELOP THE TWIN LAKES . Twin Lakes is a prime business location due to its high visibility, access to major freeways and a diverse labor pool. . Current redevelopment efforts in Twin Lakes have cleaned up 23 acres and added 1150 jobs. . Redevelopment of Twin Lakes will increase the tax base in the area by 50% and attract an estimated 5,800 additional jobs. . A focused Twin Lakes redevelopment effort enables the City to support cleanup of environmental contamination with the assistance of local, state and federal funds. . Redevelopment provides for a more efficient use of land, higher density employment and tax base, proper stormwater drainage, added green space, and links to transit. . Twin Lakes is a gateway to the community; redevelopment will improve this entry and enhance the image of the rest of the community. . Redevelopment will improve access, enhance environmental protection and recreational use of Langton Lake. . Redevelopment revitalizes aging business property preventing deterioration and disinvestment in the community. . Redevelopment maximizes the tax base. . Redevelopment creates high quality jobs. . Redevelopment cleans up polluted land, creating a cleaner environment for area residents and workers. . Redevelopment creates the capacity to respond to changes in our economy and creates higher density employment in high growth industries such as high technology and medical devices and biotech. . Redevelopment attracts new businesses and allows for the expansion of existing businesses . Redevelopment helps first-ring suburbs like Roseville compete for commercial and industrial businesses and in turn stabilizes the long-term economic health of the community. ROSEVILLE' S STRATEGY WHY TWIN LAKES PARKWAY? Complement market-driven demand by providing a comprehensive redevelopment fl'amework, limited financial assistance, and the necessary infrastructure to make the land marketable enough for the private investor to take the risks involved in redevelopment. . Twin Lakes Parkway will provide better access to the Business Park and Langton Lake. . As an alternative east-west collector street, Twin Lakes Parkway will relieve some of the increased traffic pressures on County Road C. . The alignment of the Parkway with I-35W will improve safety and traffic flow. For more information contact: Cathy Bennett Phone: 651-490-2241 Fax: 651-490-2931 cathy.be nnett@ci.roseville.mn.us. Dennis Welsch Phone: 651-490-2232 Fax: 651-490-2931 dennis. welsch@ci.roseville.mn.us Brochure prepared by Kathryn Rayburn Kittleson