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SECTION 7. ECONOMIC AND REDEVELOPMENT PLANS. The City of Roseville continues to place strong emphasis on the enhanced quality of life for its residents and businesses by creating balance and diversity in retail, office and industrial development. This is achieved through economic and redevelopment strategies that are continually being reviewed and adjusted according to market conditions, resources and current opportunities. There are approximately 2,300 businesses and 39,250 jobs within the community. Roseville has more jobs per resident (1.2 jobs per resident) than any other metropolitan city except Edina. Employees working in Roseville are treated as 8-hour (at least!) residents who bring quality, vitality, and economy to the City. The City strives to support business development that increases the tax base and adds quality jobs - the majority of which are considered to be paying head-of-household wages. Seventeen percent of the land in Roseville is comprised of retail, office and industrial parcels with the remaining land being residential, institutional, parks and public lands. Roseville has had significant building activity in the last 5 years. In 2001, approximately l,60n permits were issued, which is near the five- year average for permits; industrial construction values for 2001 exceeded $23 million. As a fully developed first ring suburb, Roseville places a strong emphasis on redevelopment. Roseville categorizes redevelopment by area and actively encourages the redevelopment of blighted commercial and industrial land uses. Such redevelopment often incorporates planned business parks to maximize the tax base, create new jobs and provide livable and walkable communities in a suburban setting. Two of the largest mixed-use business parks currently being redeveloped are Centre Pointe and Twin Lakes. Centre Pointe Business Park The Centre Pointe area includes a total of 66 acres immediately east of 35W on Cleveland at County Road D. In 2000 there were two major projects under construction in Centre Pointe totaling over $21 million in new value. Veritas broke ground with a 5-story, 143,000 s.L office building. Occupancy occurred in spring of 2001. This is the first of a three building campus that will include a parking ramp with a total of 383,000 sJ. of office space. In addition, the new 120-room Marriott Courtyard opened in the fall of 2001. Twin Lakes Business Park The 275-acre Twin Lakes area is located on County Road C behi\Teen Cleveland, just west of Snelling. A market driven redevelopment plan was completed in 1988 that targeted 110 acres of land and was renewed in 2000-01 for a total of 170 acres of redevelopment land. The first new building, the Twin Lakes Medical office building, was constructed in 1994 on the site of trucking terminals, construction storage Roseville Comprehensive Plan - 200 I Update Executive Summary -Page 9 of 15