2019 City of Shakopee Comprehensive Annual Financial Report

million, 10,000 square foot facility; Northstar Regional the first phase of a residential treatment facility opened; and the EDA has under contract four acres for a workforce housing.Trident Development submitted plans for a new clinic for the Veterans Administration, a medical office complex and a 125-unit market rate apartment complex.  Construction of a new Taco Bell just off Marschall  Texas Roadhouse has submitted preliminary designs for a new restaurant in Southbridge across from Sam’s Club  Affinity Plus Credit Union has submitted concept plans for a new building adjacent to Willy McCoys.  Shakopee Secure Storage completed its complex that provides spaces for small businesses.  Hometown Bank opened a new office building adjacent to Hy-Vee. Industrial:  Lloyd’s Construction Services is built a new headquarters office building along with a sorting and reuse facility.  Scannell Properties completed a 136,500 square-foot building and is in the final lease up phase of a second 114,000 square-foot office/warehouse development.  UPS opened a 120-vehicle service center in an existing building to serve deliveries in the southwest metropolitan area.  United Properties constructed a 300,000 square-feet of office-warehouse space adjacent to Canterbury Park.  KEB America is completing an 80,000 square foot addition to its North American Headquarters.  Johnson Anderson, which opened in 1983, is completing a major addition. They are one of the largest custom envelope and printing operations in Minnesota.  Biff’s new corporate headquarters and yard on Highway 100  Construction of new Shakopee Veterinarian Clinic on Marystown Road  S.M. Hentges purchased the former Cretex Concrete plant and is redeveloping into a heavy industrial park with approximately 50 acres. Public:  The city completed a Parks Recreation and Trails Master Plan that has developed concept plans for several sites.  The Ridge Creek Nature Park should be out for bid in June. This $4 million park includes a board walk, sitting areas and wildlife observation sheds.  Scott County broke ground on a $60 million addition and improvements to the Scott County Government Center The EDA is working on plans for a 30,000 square foot Innovation Center in downtown Shakopee adjacent to the Riverbluff development. The COVID-19 outbreak in the United States has caused business disruption through mandated and voluntary closings of many businesses. The City of Shakopee, itself temporarily closed facilities including City Hall, Community Center and the Ice Arena. While the disruption is currently expected to be temporary, there is uncertainty around the financial impact to the local economy. Major Initiatives The city completed the 2040 Comprehensive Plan that was approved by the Metropolitan Council and received the Minnesota Planning Association Plan of the Year. This 400+ page document sets the stage for the future development and redevelopment of the community including transportation, sewer, water and power. It also sets up a larger vision on the character of development and the community for the next 20 years.

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