HomeMy WebLinkAbout4. EDC Project Update Memo 10-25-22City of Lakeville
Community & Economic Development
Memorandum
To: Economic Development Commission
From: Tina Goodroad, Community Development Director
Copy: Kati Bachmayer, Economic Development Coordinator
Justin Miller, City Administrator
Date: October 25, 2022
Subject: Project Updates
At the October 17th meeting the City Council approved a proposal from Maxfield
Research and Consulting to complete the multi-family, workforce, and senior needs assessment study. This will be a six-month effort and will include a kick-off meeting with
the EDC.
We reached out to Urban Land Institute (ULI) Navigating Your Competitive Future program staff regarding helping us put together a panel on the future of retail and
industrial development. This event will start with an overview of market forces and specific Lakeville data. The panel will include key real estate experts focusing on retail
and industrial development to understand the future of each and what strategies Lakeville should consider for positioning us to be economically competitive. The event
will include the EDC, City Council and Planning Commission. We will work with each group regarding dates later this year.