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Update Staff, CBRE, MN DEED and Connexus provided a preliminary, unofficial proposal on retaining the business in Ramsey. This business has expressed interest in the new business park and has indicated a land purchase as a potential next step. Given the movement forward on setting up the park (timing) and availability of existing infrastructure, this could be a great first project for the business park. A further update is that another local business has indicated interest in Prospect Cycle's existing building. Prospect 80 Prospect 80 is a local manufacturer in need of adding roughly 60- 70,000 sq. ft. to their existing building. Staff has worked in the past (last couple years) to provide information needed for an expansion. At a recent BR &E visit Staff rekindled the discussion and has been providing additional information for the business to utilize as it prepares its expansion plans. An expansion at the Ramsey location requires listing a building at another location that it owns. This prospect has sufficient space to expand at its current site. Update No update to date. Opportunity Iron A local manufacturer is seeking 50,000 square feet of space; new or existing. Staff provided an RFI to the development community seeking available space in that size range (along with other criteria) to no avail. Staff has subsequently connected this business with a design build firm that reached out stating interest in drafting estimates for a new build project. Prospect Iron is a prominent, longtime business in Ramsey. This prospect may locate at our Ramsey Blvd. parcel or in the new business park. Each location allows for this type of use. Prospect Iron was relayed information regarding assistance programs available to assist in their expansion (and retention of) here in Ramsey. Prospect Shape This prospect is a local manufacturer —one our largest employers. Staff is working diligently with this business on a possible redevelopment project. Staff has connected with State (redevelopment support programs) and the business' design build firm to identify a game plan to make this project happen. This project may include up to 40 -50k square feet of warehouse /manufacturing /office space. Update Staff has been in contact with the design build firm facilitating the project. No substantive update available. Prospect Sync This prospect is a local manufacturer that has outgrown its space 3 times over the years. They are currently residing in roughly 13,000 square feet with the need for 30,000 with room to possibly grow in the future. This business employees 18 well paid workers and is in need of space in a short amount of time, spring 2015 at the latest. Staff is working alongside CBRE to provide an informal proposal on retaining this business in Ramsey. There are sufficient sites and options available, including a possible existing building.