2025 Annual Comprehensive Financial Report

 Richland Court, an eight (8) lot single family residential subdivision off County Road 79, north of CSAH 78, was approved and site work has commenced.  Bluff View – a 247-lot single family development located west of Palomino Trail, developed by Summergate/D.R. Horton. This development includes the continuation of the public trail extending from the Palomino Trail subdivision along the city bluff land.  Greenview – a 198 lot single family development by Lennar, located south of Highview Park, west of Marystown Road and east of Zumbro Avenue, has received annexation, MUSA, PUD and preliminary plat approval and should break ground in 2026.  Arbor Bluff – approval of the third phase of Lennar development south of Valley View Road occurred, with construction of the first two-phases well under way. This development includes a wood chip trail along a natural stream, and a blacktop trail thru the bluff area of this development.  Countryside 3 rd – a 17 lot single family development of Donnay Homes has begun construction – located on Lusitano Street, south of 17 th Avenue and east of Marystown Road.  Elliana Estates – construction has begun on this 31 lot single family residential development by One Ten Ten Homes, located along Mystic Lake Drive, north of Valley View Road.  SandVenture in Lions Park was opened including a new building that houses Tommy’s Malt Shop, changing rooms and showers, offices and a community space. The existing pool was reconstructed with new amenities including a boardwalk and new liner.  Jackson Commons was completed. This new multi-use park includes a custom-themed playground, mountain bike trails, training course, boardwalk and tails. As part of the park development, a pedestrian tunnel was installed under CSAH 78, allowing all residents in the area to access the new park.  Work began on the designs for the reconstruction of the bank of the Minnesota River that will include riverbank armoring and new public access points, reconstruction of the marina for canoe and kayak access, a sculpture garden, lookouts, new trails and parking.  Construction was completed on Killarney Hills including a new playground and wildflower garden.  Designs for Valley Crest Park were completed and playground equipment purchased with construction to be completed in 2026.  Construction was completed on Marystown Dog Park including both a large and small dog skills park.  A new roundabout was completed at Marystown Road and Hwy 169. It is the first phase of a total of three that will be constructed along Marystown with work to be completed in 2026.  Shakopee opened its Social District that includes downtown and Canterbury, allowing patrons using a special cup to take alcohol from establishments into the public streets.

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