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12/09/87
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12/09/87
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Meetings
Meeting Document Type
Agenda
Document Title
Economic Development Commission
Document Date
12/09/1987
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facilities, ~apporting facilities and the residential location of the <br />decision-maker. The metropolitan area is e~qoeriencing significant <br />industrial construction activity. It is surpassing national trends in terms <br />of industrial permit v~lue. Anoka County is extremely c~mpetitive in <br /> <br />of the total constraction v~lue of the metropolitan area, but captures 11.5 <br />percent of the met~opolitan area industr~ investment. <br /> <br />Ramsey's disadvantages can also becum~ its assets. Th~ disadvantage of <br />being remotaly located f~-~u major megmants of t_he metropoli~ area should <br />result in lower land co, ts with elimination of congestion and reduction of <br />the higher tax r~tes associated with urban develo~t. Office development <br /> <br />off/ce develqument, the marketplace rec~es ease of aooess and association <br />with other services and facilities necessary for oond~oond~i~ business. <br /> <br />%he retail marketplace relies cc~pletely on its ability to attract market <br />area d~oable income. Without a foundation of inplace housin~ units and <br />family income, the market potential is ~y limited. Careful and <br />periodic monitoring of household trends will permit timely adjusi~ent of <br />these limited projections. .. <br /> <br />Industrial and manufacturing bus~ have a great deal more flexibili~,. <br />In many cases, facilities are owne.~ied, single purpose and ~ ~mixed <br />use. That ~ans that the business decision r~lates to owne_~p objectives, <br />residency of the owners, land prices and development costs, labor <br /> <br />single owner or single facility therefore is more easily a~_ra~. <br /> <br />In multitenant facilities, such as t_he ~ging office ~howrocm/office <br />w~house facility, a great deal of attx~ntion is U~t on lease rates and curb <br />appeal. ~hese baildings are flexible in their division between office and <br />nonoffice space, typically r~ as high as 80 peroent office space ar~ 20 <br />pe_~nt w~_~h~ase. ~hese b~q ~ dL~gs re_~=~ ~-he ~ Lnfo~ation <br />p.~essing ~hasis of new in~as~i~_s as well as sta_~-up in~' needs. <br /> <br />Table 8 i!lus~ates t_he lar~ price =nd typical r~ne~] r~tes for a r~mber of <br />~y~s of L~as~--~ial uses. Of si~ic~nce is t. hat ~.-ypicat .space is r~j-_ing. <br />for $8.00 to $9.00 a sq~-~-e foot for office ~ $3.00 to $5.00 a sq.-aare f~ <br />for w~.~hou_~e. Developer ~mssi~ns have indicatsd +.hat a o~ti~ve <br />respop~e in Ramsey w~ald have to be $2.00 less or $6.00 to $7.00 a sq. aare <br />foc~ for-cffice ~nd $'2:~0 to $2.00 a sqaare 'foot..for ~in ~cuse. ._~.~'r~ns · <br />+~nat i~d cost ~ be v~--~.aai!y ze_~. Fu_~har, ~ny mpecala~ive n~ed <br />ooc~l~--ncy facili~ would re~.?~e 40 pe_-o~n-~ prelease before fir~ncLng ~d <br /> <br />Clearly, to acce!e_~ta area abmo.~.ion, a c~nmolidated set of deve! .opm~ut <br />policies and pl~ns will be requ.~ed. <br />dis-_in.=aish Ransey fro~ competi.-.~ cppc_--t~.~..nities, klr2~ough base !L~e <br />_~as~arces ~--e L~por~,-~, ~ine key ~--~'-L~g~ng. fea~ares lie Ln a c~hmsive, <br />planned kn~as~ial area <br />wit_~in a s-~ble political c!imata. A c=nsolida~ed in~us~ria! park is ~acin a <br /> <br /> <br />
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