Economic Development
Prior Lake is booming with economic development and exciting opportunities are plentiful. Developments include the Downtown Design Guidelines (approved in October, 2007), the landmark Rock Creek Building downtown at Main Ave. and Hastings Ave. that will add 17,000 square feet of Class A office and prime retail/commercial space.
| Downtown Redevelopment Request for Proposals |
Downtown Blocks 2, 4, 13 and 15 (left) roughly bound by Main Ave. on the east, Dakota St. on the north, Erie Ave. on the west, and Pleasant St. on the south, are in the redevelopment process.
The City recently released a Request for Proposals for redevelopment of this area.
The City of Prior Lake 2030 Vision and Strategic Plan calls for Prior Lake's downtown to be a unique community focal point and attraction that contributes to the City’s identity, offers opportunities for recreation, employment, housing, shopping and dining. Downtown redevelopment is also supported by the City’s Comprehensive Plan, Downtown Development Guide, and Downtown Building Design Guidelines.
RFP and Associated Documents |
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Other References |
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Over the last eight years the Prior Lake City Council has set the stage for downtown redevelopment including studying current and future needs of downtown; remodeling existing buildings; installing infrastructure/streetscape; adding new businesses, buildings and events; adding parking for current and future needs; and developing policies and ordinances to guide future development and redevelopment. Given this, and the very favorable characteristics of Prior Lake’s trade area, downtown Prior Lake offers tremendous opportunity for redevelopment and investment.
As the next step, the City Council approved a Request for Qualifications/Request for Proposals (RFQ-RFP) for Downtown Redevelopment. The RFQ-RFP asks developers to propose creative redevelopment improvements for downtown while working with existing property owners and businesses to assure that they are well served by the redevelopment. Deadline to submit proposals is June 30, 2008 at 4 p.m.
If you have questions or need additional information, please contact Economic Development Director Paul Snook at (952) 447-9805 or psnook@cityofpriorlake.com.
| Prior Lake's largest, current projects |
Jeffers Pond
Development of this 336-acre development in the southwest quadrant of the intersection of county roads 42 and 21 commenced in the spring of 2005.
 View the Latest Concept Plan
Developer Contact:
Terry Wensmann, Wensmann Homes
1895 Plaza Drive, Suite 200
Eagan, MN 55122
(651) 406-4403
twensmann@wensmann.com
Deerfield Industrial Park
Lots in the Deerfield Industrial Park off county roads 21 and 87 are filling quickly. This industrial park, where infrastructure is now in place, is being developed by Eagle Creek Development
View general information
Contact the Economic Development Director for Information
Developer Contact:
John Messenbrink,
Eagle Creek Development, LLC
7765 East 175th St.
Prior Lake, MN 55372
(952) 447-5058
jemmbc@integra.net
In 2004, McComb Group conducted a comprehensive study of the City of Prior Lake's residential, commercial and business park development potential. For a summary, click here. To obtain the full report, visit the Doc Center.
Looking for more data? Scott County is the official record-keeper for the City of Prior Lake. If you need property ID numbers, recent sales, legal descriptions, survey plats, etc., regarding properties, call (952) 445-7750, or visit the Scott County Web site.
Click to review the City of Prior Lake:
Business Subsidies Policy and Business Subsidy Agreement
Tax Increment Financing Policy
Preapplication for Financial Assistance
Application for Financial Assistance
Scott County
MnPro (for available Prior Lake land and buildings)
Twin Cities Community Capital Fund (TCCCF)
Minnsota Housing Finance Agency (MHFA)
Small Business Administration (SBA)
Business Planning Resources
Department of Employment & Economic Development
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