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2002_0128_packet
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2002_0128_packet
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SECTION 7. ECONOMIC AND REDEVELOPMENT PLANS. <br />The City of Roseville continues to place strong emphasis on the enhanced quality <br />of life for its residents and businesses by creating balance and diversity in retail, <br />office and industrial development. This is achieved through economic and <br />redevelopment strategies that are continually being reviewed and adjusted <br />according to market conditions, resources and current opportunities. There are <br />appro�mately 2,300 businesses and 39,250 jobs within the community. Roseville <br />has more jobs per resident (12 jobs per resident) than any other metropolitan city <br />except Edina. Employees working in Roseville are treated as 8-hour (at least!) <br />residents who bring quality, vitality, and economy to the City. The City strives to <br />support business development that increases the tax base and adds quality jobs - <br />the majority of which are considered to be paying head-of-household wages. <br />Seventeen percent of the land in Roseville is comprised of retail, office and <br />industrial parcels with the remaining land being residential, institutional, parks <br />and public lands. Roseville has had significant building activity in the last 5 <br />years. In 2001, appro�mately 1,600 permits were issued, which is near the five- <br />year average for permits; industrial construction values for 2001 exceeded $23 <br />million. <br />As a fully developed first ring suburb, Roseville places a strong emphasis on <br />redevelopment. Roseville categorizes redevelopment by area and actively <br />encourages the redevelopment of blighted commercial and industrial land uses. <br />Such redevelopment often incorporates planned business parks to ma�mize the <br />tax base, create new jobs and provide livable and walkable communities in a <br />suburban setting. Two of the largest mixed-use business parks currently being <br />redeveloped are Centre Pointe and Twin Lakes. <br />Centre Pointe Business Park. The Centre Pointe area includes a total of 66 <br />acres immediately east of 35W on Cleveland at County Road D. In 2000 <br />there were two major projects under construction in Centre Pointe totaling <br />over $21 million in new value. Veritas broke ground with a 5-story, <br />143,000 s.f. office building. Occupancy occurred in spring of 2001. This is <br />the first of a three building campus that will include a parking ramp with <br />a total of 383,000 s.f. of office space. In addition, the new 120-room <br />Marriott Courtyard opened in the fall of 2001. <br />Twin Lakes Business Park. The 275-acre Twin Lakes area is located on <br />County Road C between Cleveland, just west of Snelling. A market driven <br />redevelopment plan was completed in 1988 that targeted 110 acres of land <br />and was renewed in 2000-01 for a total of 170 acres of redevelopment land. <br />The first new building, the Twin Lakes Medical office building, was <br />constructed in 1994 on the site of trucking terminals, construction storage <br />Roseville Comprehensive Plan � 2001 Update Executive Summary -Page 9 of 15 <br />
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