2026-2030 Capital Improvement Plan

Village @ Canterbury 2026 thru 2030 Project Details Shakopee, MN Project #

PR-26-001

Project Name

Village @ Canterbury

Total Project Cost

$1,150,000

Contact

Director of Planning & Development

Department

Park Development Fund

Type

Unassigned

Category

Park Improvements

Priority

2 - Smart to do

Status

Active

Useful Life

30 years

Fund

Park Development Fund

Description Canterbury Park proposes contributing property near its track for a city park. The proposed park is situated near the 6-furlong chute of Canterbury’s horse racing track and practice track. It is located at the nexus of the Winners Circle Development, the Trackside Subdivision and the first phases of the Canterbury Development. The park area for your consideration is approximately 2.0 acres in size. That area does not include the pond area. The attached figure(s) depict the park site and its relationship to the rest of the development. Notably the park is surrounded by new development around Canterbury’s west end including the Triple Crown Apartments (315 units + 321 units), Omry Senior Apartments (144 units), and the Canterbury Crossing project (110 Pulte townhomes, 44 Artessa Senior Cooperatives). We estimate about 1900 new residents living at Canterbury existing projects and many more residents in the legacy surrounding neighborhood. The development has matured to the point where some early goals of the master planning can be realized. One of the goals were to provide linkages to the rest of the development that lead to areas of interest along the way. Something that captures the essence of living in an equine/horseracing environment. The attached Figures show a phased plan that illustrate trails weaving throughout the existing, planned, future development and the Canterbury Commons Park. The trails ultimately lead to the entertainment district and music amphitheater.

Justification Canterbury has contributed millions in Park Development Funding over the past several years. This creates a pocket park near much of the residential area.

Prior

Expenditures

2026

2027

2028

2029

2030

Total

1,000,000 1,000,000

150,000

Building Construction

1,000,000 1,000,000

0 0

0 0

0 0

0 0

Total

Prior

Funding Sources Park Development Fund

2026

2027

2028

2029

2030

Total

1,000,000 1,000,000

150,000

1,000,000 1,000,000

0 0

0 0

0 0

0 0

Total

24

Produced Using Plan-It CIP Software