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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. Bunker Lake Boulevard <br /> reconstruction and expansion is planned. A pedestrian bridge across the Northstar tracks and <br /> 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 />