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McCOMB GROUP,, Ltd. <br /> <br />REAL. ESTATE AND <br />RETAIL CONSULTANTS <br /> <br /> Revised <br /> January 6, 2003 <br /> <br /> Mr. James E. Norman, City Administrator <br /> CITY OF RAMSEY <br /> 15153 Nowthen Boulevard NW' <br />'Ramsey, Minnesota 55303 <br /> <br />Dear Mr. NOrman: <br /> <br />In response to your request, we have prepared a work program to conduct market analysis to <br />identify redevelopment potential for the commercial area at the intersection of TH-47 and 167t~ <br />Avenue. Businesses in this commercial area are 'facing increased competition from new <br />businesses in Ramsey and St. Francis creating the need to reposition and remerchandise the <br />commercial area. The objectives of this engagement are to: <br /> <br />· Evaluate the commemial area and its tenant mix. <br /> <br />· Identify competitive shopping areas. <br /> <br /> Delineate the commemial area's trade area and estimate future residential households <br /> for 2005, 2010, 2015 and 2020. <br /> <br />· Estimate demand for retail, service and office uses of the commercial area. <br /> <br />· Identify those retail, service and office uses that are consistent with the commercial <br /> area's location and trade area. <br /> <br />· Land use and site planning to illustrate how the area could be redeveloped is included <br /> as an optional task. ' <br /> <br />The 'work program described below is designed to evaluate the market .and redevelopment <br />potential for the TH-47 and 167th Avenue commercial area. <br /> <br />WORK PROGRAM <br /> <br />The work program outlined below is designed to fulfill the above objectives. Specific work tasks <br />inclUde: <br /> <br />Site Evaluation <br />Business establishments in the'TH-47 and 167th Avenue retail" area will-be categorized by <br />type. The commercial area will be evaluated including, but not limited m: ingress and <br />egress, access, visibility, current and future traffic counts, and relationship to adjacent <br />uses, <br /> <br /> -213- <br />222 South Ninth S~reet Suite 380 Minneapolis, Minnesota 55202 · (612) 339-7000 Fax: (612) 338-5572 <br /> <br /> <br />