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ACG <br />Business Park Prospects <br />Background <br />The City of Ramsey is considering the development of a new business park. The site under <br />consideration for the new business park is located north of U.S. Highway 10, west of <br />Armstrong Blvd and south of Bunker Lake Blvd. The site is also bordered by main line railroad <br />track owned and operated by the Burlington North Santa Fe Railroad. The goal of this research <br />report is to identify potential prospects for the new business park and address concerns <br />related to the impact of nearby rail. <br />The process required for developing a business park is much different from selling a single site. <br />Business park development requires substantially more planning, capital and control. Timing is <br />another important distinction. Strategic timing is critical to the success of a Business Park <br />because it involves the subdividing of land, the installation of site improvements, the sale of <br />sites and ultimately cash flow and profits. <br />The principal steps in the development of a business park include: <br />1. Preliminary analysis <br />2. Site selection and acquisition <br />3. Preparation of a development plan <br />4. Formulation of use restrictions and controls <br />5. Preparation of business park layout <br />6. Installation of site improvements <br />7. Construction <br />Ramsey Business Park Phase I Research Report <br />