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<br />Ramsey Town Center Purchase, Page 2 <br /> <br />Planning for the Ramsey Town Center began with significant citizen and business input in 2003. <br />The Ramsey Town Center was envisioned as the community's centerpiece, bringing together <br />residential, retail, light industry, schools, civic and office space. The project has enjoyed several <br />early successes, including PACT Charter School, Coborn's and other retail, Midwest Medical <br />Examiner's Office, life cycle housing and a city park. The Ramsey Municipal Center was <br />constructed in the development, as well as a public transportation center, providing bus and <br />eventually commuter rail service for residents of Ramsey and surrounding communities. Tax <br />revenues have been expanded by nearly $1 million as a result of the development thus far. <br /> <br />Ramsey City Administrator Kurt Ulrich said that after careful examination, the city concluded it is <br />in the best position to redirect the course of the Ramsey Town Center at this time. <br /> <br />"In its current situation, this property doesn't benefit the city or its residents - and in fact, it puts <br />our community at risk," Ulrich said. "Buying this property will allow us to put our community's <br />vision back on the map, move forward in a way that best meets our needs and build a better <br />future for the entire region." <br /> <br />30 <br /> <br />- 30- <br />