EDA Meeting Date: September 29, 2025
To: Members of the Economic Development Authority
From: Nate Carlson, Economic Development Coordinator
Title
Staff Updates on Outstanding EDA Items and City-Wide Projects.
Body
Action Requested:
No action is requested. There are a number of outstanding items related to the EDA. Below is a summary update on each item. Staff will provide an update during the meeting and the Board has the opportunity to discuss each item individually if desired.
Summary Report:
5th & Washington Project Update
The development partner, Streetfront, anticipates providing an update to the EDA Board either in October or November. The development team is in process of reviewing the financial feasibility of a project on this site.
Loon Liquors Update
Loon Liquors has opened officially at 115 5th Street. A ribbon cutting was held on Thursday, September 25th at 4:00pm by the Northfield Area Chamber of Commerce.
Alternative Options:
This report serves as an update on other items occurring throughout the city. The EDA can provide alternative options during discussion.
Financial Impacts:
Staff will provide financial impacts when appropriate.
Tentative Timelines:
Future Meeting Schedule is attached as reference. The EDA’s fall retreat will be on Monday, October 13.