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Retail Development Goals <br />Describe our retail goals here. 115 acres guided for future retail development. <br />Figure 4: Retail Guided Areas <br />Create a map of the areas guided for retail. <br />Retail Goals in The COR <br />Table 1: Planned Growth in The COR <br />COR Development Progress — by acreage (rough <br />estimates only) <br />100 <br />80 <br />60 <br />40 <br />20 <br />0 <br />Rum River Hills <br />This is the 167th Node. <br />307, <br />70% <br />Residential <br />Background <br />The retail node located at 167th Avenue and Trunk Highway 47 has been a topic of discussion with City <br />Councils and EDA boards for several years ("167/47 Node"). The 167/47 Node has struggled to become <br />economically viable for some time, is experiencing high vacancy rates, an increase of blighted building <br />conditions and escalating crime. <br />35% <br />Office <br />Retail <br />• Complete Additional Planned <br />35% <br />Public Realm <br />The City has received a significant number of inquiries from property and business owners located in the <br />167/47 Node from 2012 to 2013 requesting assistance to address concerns. Additionally, the City of Ramsey <br />owns an inventory of real property located adjacent to the 167/47 Node totaling 16.52 acres. Said property <br />was identified as surplus City owned land in 2012 and is available for sale. <br />The EDA, Planning Commission and City Council have expressed interest in addressing the 167/47 Node. <br />Purpose <br />Guide City participation in the redevelopment of the 167/47 Node; and, specifically identify a common goal, <br />vision, working parameters and garner public input. <br />City of Ramsey 2040 Comprehensive Plan Update <br />Land Use Plan <br />Page9of18 <br />