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Summary <br />The City of Roseville is ready to move forward with <br />redevelopment ofthe Twin Lakes area and is seeking <br />assistance from the federal government to help jump start <br />this project. The transformation ofthis blighted industrial <br />area to that of an integrated mixed-use development is <br />anticipated to provide: <br />$150 million in new market value and over 2,700 <br />jobs when completed <br />Improved environmental conditions on the site and <br />the surrounding area through brownfields cleanup <br />and construction of green infrastructure <br />Smart growth and transit-supportive development <br />by concentrating dense development within the core <br />metropolitan area <br />Over the last two decades this project has been sty- <br />mied due to known environmental conditions and lack <br />of adequate public infrastructure. Estimated costs for <br />brownfields remediation and infrastructure construction <br />is $31 million. The City has created a tax increment fi- <br />nancing (TIF) district and has worked with federal, state, <br />and regional partners to help leverage funding for this <br />project. TIF and outside resources are often predicated on <br />known development, not anticipated development. Under <br />current economic conditions, the City's ability to finance <br />this project itself or leverage resources for this project is <br />limited. <br />The City's goal for the Twin Lakes Redevelopment Area <br />is to have it development-ready by the time the economy <br />rebounds. Without outside resources, this goal cannot be <br />met. <br />Partnerships <br />The City has developed collaborative partnerships with <br />several government entities during its redevelopment <br />efforts within theTwin Lakes Redevelopment Area. These <br />partnerships include: <br />• U.S. Environmental Protection Agency <br />• Minnesota Department of Employment & Economic <br />Development <br />• Metropolitan Council <br />• Metro Transit <br />• Ramsey County <br />Rendering of the Metro Transit Park-and-Ride facility <br />planned for the corner of lona Lane and Mount Ridge <br />Road <br />Project Needs <br />Brownfields Cleanup <br />Infrastructure Construction <br />Total <br />Contact Information <br />$16 million <br />515 million <br />$31 million <br />For additional information, please contact any of the fol- <br />lowing people. <br />Patrick Trudgeon <br />Community Development Director <br />Telephone: 651/792-7071 <br />Email: pat.trudgeon@ci.roseville.mn.us <br />Bill Malinen <br />City Manager <br />Telephone : 651 /792-7021 <br />email: bill.malinen@ci.roseville.mn.us <br />Craig Klausing <br />Mayor <br />Telephone: 651-308-8916 <br />Email: craigklausing@comcast.net <br />Twin Lakes Redevelopment Project 5 City of Roseville <br />