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McCOMB GROUP,, Ltd. <br /> <br />R E A L E S T A T E A N D <br />RETAIL CONSULTANTS <br /> <br />January 6, 2003 <br /> <br />Mr. James E. Norman, City Administrator <br />CITY OF RAMSEY <br />15153 Nowthen Boulevard NW <br />Ramsey, Minnesota 55303 <br /> <br />Dear Mr. Norman: <br /> <br />In response to your request, we have prepared a work program to conduct market analysis for the <br />commercial area at the intersection of TH-47 and Industrial Avenue. The objectives of this <br />engagement are to: <br /> <br /> Evaluate the commercial area. <br /> <br /> Identify competitive shopping areas. <br /> <br />· Delineate the commercial area's trade area and estimate future residential households <br /> for 2005, 2010, 2015 and 2020. <br /> <br />· Estimate demand for retail, service and office uses of the commercial area. <br /> <br />· Identify those retail, service and office uses that are consistent with the commercial <br /> area's location and trade area. <br /> <br />The work program described below is designed to evaluate the market potential for the TH-47 <br />and Industrial Avenue commercial area. <br /> <br />WORK PROGRAM <br /> <br />The work program outlined below is designed to fulfill the above objectives. Specific work tasks <br />include: <br /> <br />Site Evaluation <br /> <br />Business establishments in the TH-47 and Industrial Avenue retail area will be <br />categorized by type. The commercial area will be evaluated including, but not limited to: <br />ingress and egress, access, visibility, current and future traffic counts, and relationship to <br />adjacent uses. <br /> <br />222 South Ninth Street Suite 380 Minneapolis, Minnesota 55402 · (612) 339,7000 Fax: (612) 338-5572 <br /> <br /> <br />