Laserfiche WebLink
<br />C. Redevelopment Strategies <br /> <br />As a fully developed first ring suburb, Roseville places a strong emphasis on <br />redevelopment. Roseville categorizes redevelopment by area (see attached <br />Redevelopment Concept Map) <br /> <br />m Actively encourage the redevelopment of blighted commercial and industrial <br />land uses that incorporate planned business park atmosphere to maximize <br />the tax base and job creation. <br /> <br />@ Roseville annually submits a Capital Improvement Plan to project adequate <br />funding and timing of redevelopment projects though the year 2020. <br />Roseville currently has 16 tax increment districts within its City boundaries. <br />Tax increment financing is a primary funding source for redevelopment in <br />Roseville. Specific policies have been developed for the use of any tax <br />increment funds and are reviewed annually. Wherever possible, Roseville <br />partners with other agencies and the private sector to maximize the leverage <br />of public dollars on anyone project. (Refer to Appendices Book 2 - 12.7C for <br />the TIF District Map and TIF Policies.) <br /> <br />o Continually develop and refine redevelopment plans for each section of the <br />community. The current redevelopment projections assume that the market <br />can absorb the additional building space and that there is an adequate supply <br />of available employees to fill the new jobs. Additional research will be <br />conducted in 5-year increments to address transportation and infrastructure <br />impacts as a result of the redevelopment. In addition, the I-35W Corridor <br />Coalition Transportation Study will be used to project transportation for the <br />entire corridor. <br /> <br />(9 The current market value figures are from Ramsey County for payable 1998 <br />taxes and the estimated market values are calculated on a square foot basis <br />under the following assumptions. <br />Retail <br />Land - $5 <br />Building - $75 <br />Office <br />Land - $3.75 <br />Building - $50 <br />Industrial <br />Land - $2 <br />Industrial- $35 <br /> <br />o The following is a summary of each redevelopment area in Roseville. <br /> <br />Roseville Comprehensive Plan-1999 Update <br /> <br />Economic & Redevelopment Plans- Page 4 of 14 <br />