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■ Large truck terminal parcels ■ Large infrastructureneeds ■ Unanticipated environmental contamination �r Create traffic issues — County C and through neighborhood to the North New Redevelonment Vision: ■ City embarked on a new redevelopment master plan — 2000-01 Goal: ■ Create/improve quality of life (noise, air, trucks) ■ Improve natural environment (contamination, stormwater, green space, parks, pathways) ■ Diversity and expand tax base ■ Provide new residential area ■ Relieve pressure on County Roads with new infrastructure Potential for new develonment: • future over next 5-10 vears ■ 2 million square feet of mixed use space including office, retail, residential, medical facility and up to 1,300 new units of housing ■ Add up to $400 million in new value w 5,000 new jobs with $300 million in annual wages. Benefits the Region and State: � Improving infrastructure— relieve pressure from County roads ■ Cleaning up contaminated lands ■ Adding greenspace and access to under utilized public park areas ■ Provides new jobs, services and places for people to live close to the urban core — reduces sprawl ■ Increases the property and sales tax base significantly ■ Increases the buying power with new wages into the area. ■ Improves the living, working and playing environment for existing and future Minnesotans. Partners: Challenges of cleaning up contaminated land and redevelopment is beyond the level that Roseville can support on their own. The State and other public partners are critical to the successful future vision of Twin Lakes That support is greatly appreciated: � Roseville has received over $800,000 from EPA — assessments, regional groundwater study and clean up loans. r Contamination Clean up grant received for Twin Lakes phase IV project � Met Council Livable Communities planning grant •$75,000 �