2020 Comprehensive Annual Financial Report

opened in April 2021. The EDA has a four-acre site under contract for a 50-unit townhome development.  Trident Development built a new 15,000 square foot Veterans Administration medical center and is approved to build a 16,000 square foot medical/retail complex at 17 th Avenue and Marystown Road.  Construction of a new Taco Bell just off Marschall Road has been completed and is now open.  Texas Roadhouse has submitted a building permit for a new restaurant in Southbridge across from Sam’s Club that will begin construction this summer.  1038 1 st Ave. E. – renovating fire damaged furniture store into an Insurance Agency.  McDonald’s will be renovating its restaurant at 227 Marschall Road.  My Place Hotel opened at 3912 12 th Avenue with 63 units.  Rocket Car Wash has purchased the former BMO Harris Bank and will be constructing a new car wash at 1341 Greenwood.  St. Francis Regional Medical Center has submitted a building permit application for a 15,000 square-foot Emergency Room expansion and expansion of the Cancer Center.  North Star Regional intends to construct their 2 nd phase of a 3-phase substance abuse residential treatment center. Industrial:  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.  KEB America has completed an 80,000 square foot addition to its North American Headquarters.  Johnson Anderson, which opened in 1983, is completing 15,400 square foot addition. They are one of the largest custom envelope and printing operations in Minnesota.  Biff’s completed and is occupying a new corporate headquarters and yard on Highway 100  S.M. Hentges purchased the former Cretex Concrete plant and is redeveloping into a heavy industrial park with approximately 50 acres. The first building will be the 500,000 square foot Southwest Logistics Center valued at more than $30 million and expected to be completed by the end of 2021. There are three additional sites available for industrial users.  United Properties completed the construction of a 310,000 square foot speculative warehouse building at 3200 4 th Avenue East.  Universal Stone recently opened a new 30,000 square-foot showroom / manufacturing building on Stagecoach Road.  Mesenbrink Construction recently completed a 12,000 square-foot multi-tenant industrial building on the east side of Shakopee at 7380 County Road 101.  Mesenbrink Construction intends to construct a 2 nd 12,000 square-foot speculative industrial building at 7480 County Road 101  Lloyd’s Construction Service recently completed construction of their new office / transfer station on the east side of Shakopee. Public:  The Ridge Creek Park is under construction. 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 XCEL Energy Mountain Bike Park is under construction and should be completed in June 2021. This is the first mountain bike course in Shakopee and will also be used by the High School team for training and special events.  The Shakopee Cultural Trail Plan is underway in cooperation with Three Rivers Park District, South County Historical Society, the city and the SMSC. This three-mile corridor is a major recreational and cultural resource.  The city completed a master plan and wayfinding signage plan for the Vierling Greenway Trail.

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