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Infrastructure Plans and Needs <br />The COR project has all necessary wet and dry utilities in place, and most major roadways. A <br />key improvement is the planned Armstrong Boulevard interchange with TH-10. This is judged <br />to be needed in order to attract a major retail anchor that would assist in completing the retail <br />portion of the project in the northwestern quarter of the project. A pedestrian bridge across the <br />Northstar tracks and TH-10 to the Mississippi West Regional Park is also planned. <br />Development Opportunities <br />There are approximately 186 developable acres remaining for commercial, business park, and <br />residential, plus 45 acres of parks and amenities, as shown in Figure 7-3. Retail, business park, <br />and commercial total 115 acres; while residential totals 43 acres and mixed -use is 28 acres and <br />could include commercial and residential. The residential component of The COR is planned at <br />2,200 units. The COR at Ramsey is a significant development opportunity. <br />The City established a 25-year, $65 million tax increment financing (TIF) district for the project <br />area to fund infrastructure and public amenities, and to provide targeted private development <br />incentives. <br />Table 7-5 <br />THE COR DEVELOPABLE ACRES <br />Use Total <br />Retail 70 <br />Mixed -Use 28 <br />Business Park 15 <br />Residential 16 <br />Other Commercial 30 <br />Other Residential 27 <br />Total 186 <br />Source: City of Ramsey. <br />The Northstar station location in Ramsey is unique among the Northstar Corridor cities. It's <br />located on the edge of the planned downtown area served by a large parking structure, which is <br />flanked by City Hall on the east and an apartment building to the west. To the north is Municipal <br />Plaza, which is surrounded by office, residential, or mixed -use development. This creates the <br />opportunity for both daytime and resident population, which can support ground level retail and <br />commercial commensurate with market demand. Business park uses located to the east will <br />offer employment opportunities to Ramsey residents. Planning for the area northwest of the <br />station area is primarily retail. Building configurations in the retail area are illustrative of a <br />power center, which requires a high volume of customer traffic to support its stores. The retail <br />area should be accessible to pedestrians, but most of the customers, even those living in The <br />COR, are likely to drive to the retail area for shopping to facilitate transporting their purchases <br />home. <br />7-9 <br />