Former Shakopee Gravel site redevelopment
Description
The EDA approved the contract for private development of the former Shakopee Gravel site, setting up a $44.5 million note paid back from the project's tax revenue.
Impact summary
A long-vacant site gets new life with a mix of housing and commercial development, new parks and trails, and a bigger tax base — phased over about nine years.
Applicant
- Name
- Eagle Ventures LLC
At a glance
- Hearings
- 2
- Public comments
- 0
- Total mentions
- 2
Last vote · City Council
Last discussed Jul 7, 2026.
Meeting timeline (2)
City Council - Jul 7, 2026
The EDA approved the contract for private development of the former Shakopee Gravel site, setting up a $44.5 million note paid back from the project's tax revenue.
Economic Development Authority - Jul 7, 2026
Eagle Ventures, LLC will redevelop the roughly 130-acre former gravel pit into single-family homes, townhomes, multifamily housing, commercial space, parks, trails and streets over about nine years, with TIF-funded reimbursement for public infrastructure.
Related issues (1)
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