Economic Development Authority Meeting Date: August 26, 2024
To: Members of the Economic Development Authority
From: Ben Martig, City Administrator
Jake Reilly, Community Development Director
Nate Carlson, Economic Development Coordinator
Title
Consider Resolution Providing Initial Updates & Recommendations to the Northfield City Council Related to Potential Redevelopments to the Projects Currently Known as the "5th & Washington Redevelopment" and "5th & Water Street Redevelopment."
Body
Action Requested:
The Northfield EDA will receive a presentation from staff regarding the 5th & Washington redevelopment project and discuss the project.
Summary Report:
Staff is recommending the EDA consider a resolution to provide the City Council an initial advisory recommendation related to redevelopment as outlined in the memo. The resolution is being drafted along with an updated presentation building from the work and feedback from last meeting.
The City Council delegated advisory responsibilities to the EDA through CC Resolution 2024-044 (Attachment 1). Economic Development staff has prepared a presentation on the proposed 5th & Washington redevelopment project.
5th and Washington:
Staff will provide an update to the EDA on the 5th and Washington redevelopment plans. Since parting ways with the original development group, staff has been working with several consultant partners to develop conceptual scenarios for the development. TSP Architects, the firm providing guidance for a new liquor store, Bruce Jacobson, the landscape architect and community engagement consultant for the Riverfront Enhancement Action Plan, and internal stakeholders from the housing and planning groups within the Community Development Department, along with the City's financial advisor will facilitate the work session.
Team members include the following:
Bruce Jacobson - Landscape architect and community engagement consultant
Von Peterson - Principal/Architect, TSP Architects
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