Woodbury to Consider Opening Up Phase 2 for More Development
An update on the Gateway Corridor is also on Wednesday night’s Woodbury City Council agenda.
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In January, the city decided to defer the opening of the Phase 2 area of the Woodbury for development.
With infrastructure improvements in the works and an apparently rebounding housing market, Woodbury will again discuss its options for allowing further housing in Phase 2.
Spread across 2,150 acres, the area has enough land to accommodate about 600 units a year for a decade, according to a memo for the Woodbury City Council, which will discuss the matter Wednesday night.
Related: Woodbury Defers Opening Phase 2 for Development
Specifically, city staff believes the Fields of Woodbury area (sub-phase 2A) is ready for development, based on declining lot inventory in the city and an uptick in the housing market.
There would still be infrastructure work to finalize—a trunk sewer line and extending Pioneer Drive to Dale Road—and zoning revisions to iron out, but developers have told the city they are interested in the area.
If the council informally agrees on opening up the area for development during the workshop, it would come before the council during a regular meeting.
Other Business
Wednesday’s workshop meeting will also include an update from the Gateway Corridor Commission.
The group has been tasked with coming up with new transit alternatives along Interstate 94.
Check out the latest information on the PDF with this post.
Also on the docket Wednesday is an update of the Bielenberg Sports Center, where the city is looking to replace the dome with a permanent field house.
The council meets at 6:30 p.m. Wednesday, Sept. 19, at City Hall.
Check out the full agenda on the city’s website.
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Bielenberg Sports Center
4125 Radio Dr, Woodbury, MN -
Woodbury City Hall
8301 Valley Creek Rd, Woodbury, MN
Kory Lasker
9:41 am on Tuesday, September 18, 2012
Is the Gateway Corridor project the one that possibly includes a new Park&Ride to downtown?
Kris Janisch
9:42 am on Tuesday, September 18, 2012
Yes Kory. I think it stretches from downtown St. Paul into Wisconsin, but it looks like some parts of the project have changed.
Joe
4:14 pm on Tuesday, September 18, 2012
Does anyone know if all of these Gateway Corridor options end at the new St. Paul LRT station. If so, the people that commute from Woodbury to MPLS are going to have drastically increased communte time compared to the existing express bus service that runs to MPLS. This is mainly due to the fact that the central corridor LRT line is going to be slow and stopping frequently. Will they keep the express bus service to MPLS as an alternative?
Rick Rock
12:28 pm on Tuesday, September 18, 2012
So perhaps some one knows if building more homes in Woodbury helps existing homes' values and sale opportunity?
Rick Rock
12:29 pm on Tuesday, September 18, 2012
And has the housing 'uptick' been a substantiated trend at this point?
Kris Janisch
12:31 pm on Tuesday, September 18, 2012
I saw something from the LA Times this morning, more recent than this, but got caught up and forgot to post it here. But this story is from Sept. 4. http://www.latimes.com/business/money/la-fi-mo-home-prices-20120904,0,1983417.story
Paul Whackernutz
10:04 am on Wednesday, September 19, 2012
Not all is as it appears. The "uptick" is being caused by a shortage of homes on the market. There are a lot of people that would like to sell but can't because they owe more than they can sell for. The foreclosure and short sale wave hasn't run it's course yet, either, and could get worse if the economy stumbles. The feds reported yesterday that mortgage lending is at a 16 year low despite record low rates. You need platinum credit, cash (no 100% financing) and a good job to qualify, so the pool of buyers is weak. If prices keep firming, there'll be more inventory coming, and if the economy tanks, they'll be more inventory coming. Time to build more? I'd be real careful.