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o History un-successful vertically mixed-use projects. In fact, many areas that do have <br /> vertically mixed-use projects are struggling to fill their ground level store fronts today, <br /> and many of those projects are located in the highest demand markets within the Twin <br /> Cities (i.e. uptown, St. Louis Park, etc.). <br /> o If the City expects vertical mixed-use projects within The COR-1 Zoning District, it is highly <br /> unlikely the private market will bring this to Ramsey alone--the City should pro-actively <br /> prepare a plan to subsidize/encourage this activity. The City should generally be prepared to <br /> financially participate. <br /> City Staff <br /> o Staff generally agrees with feedback provided by market panel discussion (vertical mixed use <br /> likely not to occur without city taking a pro-active and financial role). <br /> o If the City would like to further consider requiring vertically mixed use buildings, Staff would <br /> then support an exercise to map out a policy, and the potential implications of that policy. <br /> o For example, the City will require a minimum 3,000 sf or 15%of the ground level of <br /> any project within The COR-1 Zoning district to be a different use than the remainder <br /> of the building (classic example is retail on bottom, and the remainder residential— <br /> much like the Residence at The COR). <br /> o After a policy is determined, staff would then work with developers to identify how to <br /> actually get a project to go—and is the policy realistic. In other words,what incentive/ <br /> subsidy would be required, if any? <br /> Planning Commission <br /> o XXXXXXXXXXXXXX <br /> o XXXXXXXXXXXXXX <br /> o XXXXXXXXXXXXXX <br /> EDA <br /> o XXXXXXXXXXXXXX <br /> o XXXXXXXXXXXXXX <br /> o XXXXXXXXXXXXXX <br /> Environmental Policy Board <br /> o XXXXXXXXXXXXXX <br /> Page 9 of 15 <br />