My WebLink
|
Help
|
About
|
Sign Out
Home
pf_03232
Roseville
>
Planning Files
>
Old Numbering System (pre-2007)
>
PF3000 - PF3801
>
3200
>
pf_03232
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2007 1:50:39 PM
Creation date
12/14/2004 6:27:23 AM
Metadata
Fields
Template:
Planning Files
Planning Files - Planning File #
3232
Planning Files - Type
Planning-Other
Project Name
TWIN LAKES
Applicant
CITY OF ROSEVILLE
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
1764
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />f TWI N LAKES STRA TEG Y RENEWAL ........................................................... <br />SUMMARY OF REDEVELOPMENT OPTIONS <br /> <br />The benefits of redevelopment are significant for communities. Pollution is cleaned up, traffic can be rerouted, the <br />tax base is strengthened, and aging and deteriorating areas are revitalized. Communities going through the <br />redevelopment process make a long-term commitment and face the challenges, knowing that the benefits to come <br />will be well worth the effort. Redevelopment is a gradual process and can take five to 15 years to see the results. <br /> <br />In an effort to encourage discussion about future development, the needs of the community, and long-term <br />economic stability and growth, City staff has prepared three different land use options and summarized the <br />current situation. These options will be discussed and feedback will be requested at the upcoming strategy <br />meetings. A brief summary of the options are listed below. The map on the back provides a breakdown of the <br />different land uses within the Twin Lakes Redevelopment Area. <br /> <br />Option 1: Existing Conditions <br /> <br />The Twin Lakes Redevelopment Area is comprised of about 150 acres, Of that land, 12 parcels are considered <br />Opportunity Areas where new uses would bring more jobs and greater tax capacity to Rosevil\e than <br />currently exist. A number of parcels have already been developed over the past decade, and they are not <br />included in the Opportunity Areas, The planned Twin Lakes Parkway will provide direct business frontage <br />and relieve traffic on existing roads by improving highway connections for cars and trucks accessing the <br />businesses located along the parkway, In Twin Lakes today there are approximately 2,500 jobs and a tax base <br />of $2 million, <br /> <br />Option 2: Office/High Tech Flex Space/Housing Mix <br /> <br />In this scenario, an emphasis on office development and a hybrid space called "high-tech flex" is proposed for <br />much of Twin Lakes, Between 5,000 to 7,000 jobs could be created in this option, About $315 million in private <br />investment would be required to create this mix, A combination of owner-occupied and rental housing is <br />proposed for the northern peripheries of Twin Lakes, adjacent to existing residential areas, Tax revenues <br />would be boosted eight times by using this mix of uses, <br /> <br />Option 3: Medical Campus/Office/Housing <br /> <br />This scenario includes a proposed medical campus within the southwest quadrant of Twin Lakes, The <br />combination of a medical campus, office and technical space, daycare and fitness center would potentially <br />result in 7,000 to 9,000 jobs created, An element of rental and ownership housing is included in this scenario, <br />Private investment is likely to be about $510 million, and would result in a ninefold increase of the existing tax <br />base, <br /> <br />Option 4: High Tech Flex/Manufacturing/Retail Mix <br />The fourth scenario adds retail and manufacturing to the high-tech office mix, Estimated job creation is <br />between 3,000 and 5,000 jobs, Private investment may be $328 million, and tax revenues would increase six <br />times the existing base, <br /> <br /> <br /> <br />Cleanup of contamination and aging properties enhances community livability, image, tax base and avoids a <br />painful cycle of more serious deterioration, declining property values, crime and urban decay. The renewal of <br />Twin Lakes can already be seen with success of earlier phases of redevelopment. <br /> <br />............................................................................................................................. <br />
The URL can be used to link to this page
Your browser does not support the video tag.