HomeMy WebLinkAbout9A - 1999 EDA Goals and Objectives
ECONOMIC DEVELOPMENT AUTHORITY
PRIOR LAKE, MINNESOTA
MISSION STATEMENT
PROMOTE THE BUSINESS ASSETS OF PRIOR LAKE AND
FACILITATE A DIVERSIFIED TAX BASE
GOALS
Develop a proactive strategy for future economic development activities which will
build on the efforts to date and further enhance the City's reputation as a place to
do business.
Continue to explore redevelopment opportunities in the Downtown area.
Supportive private as well as public redevelopment plans in the Downtown area.
Develop a plan to capitalize on traffic generated by Shakopee Mdewakanton Dakota
Community and The Wilds.
Develop promotional materials cooperatively and create a dialogue with the Mystic Lake
Casino and The Wilds Golf Course.
Expand Business Office Park
· Facilitate development of 58 acre Deerfield property.
Inventory and review existing commercial and industrial properties and develop a
position on development possibilities.
· Develop a recommendation on extension of utilities to old industrial park.
· Explore the relationship between housing availability and business development.
· Convert Tax Increment Policy to a more general document which addresses other
financial incentives and which addresses likely types of development and
redevelopment.
Explore redevelopment opportunities for the Priordale Mall/Park Nicollet site to
facilitate expeditious redevelopment/development.
· Work with private sector developers to complete the Ring Road from Franklin Trail
to Tower Street. (November for Official Map)
· Work to identify specific properties in the Priordale Mall area for
redevelopment/development.
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16200 Eagle Creek Ave. S.L Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQL'AL OPPORTUNITY EMPLOYER
Initiate business retention efforts.
Recruit new business.
· Identify the size of businesses in Prior Lake is most likely to attract.
· Identify owners of businesses ofthe size who live in Prior Lake.
· Conduct an open house for the business owners identified above.
· Contact suppliers to businesses and Mystic Lake to advise them of opportunities in
Prior Lake.
Miscellaneous
· Review existing objectives against the Strategic Plan to assure consistency and
comprehensiveness.
· Establish a multi-media effort to deliver EDA/City "pro-business" message.
1999 Objectives
· Prepare a Downtown Redevelopment Plan, including appraisals, marketing and
funding alternatives, and initiate the implement of this plan, including marketing and
the streetscape public improvements. Insure the study addresses the old library and
other City property Downtown as well as public relations necessary for effective
redevelopment. (October)
· Revise and advertise the improved access to Prior Lake from 1-35 via CSAH 21,
bringing traffic through downtown Prior Lake. (Completed)
· Sell 4.5 acre parcel
· Arrange for two EDA members to interview all Waterfront Passage businesses and
other large businesses in the City for retention purposes. (June)
· Have the Chamber of Commerce provide a Business Retention report to the EDA
when interviews are complete.
· Cooperate with the Chamber of Commerce to follow up on any issues arising from
their interviews.
· Discuss recruitment at joint meeting with Planning Commission and City Council.
(Done)
· Establish a Web page on the Internet. (Done)
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