North Mankato MN

hotel into 70 apartment units, which are expected to accommodate workforce housing needs.” Fischer highlights the broader housing landscape, acknowledging a shift in the types of housing being built. “Historically, we’ve seen a balance of single-family homes, apartments, and townhomes. Lately, there’s been a noticeable decrease in single- family homes but an increase in townhomes and apartments,” Fischer explains. Despite a slowdown in housing development over the last five years, he maintains that the sector remains robust and is expected to grow. Fischer emphasizes the challenges and the city’s strategic responses to housing affordability, a pressing issue. “The main issue is affordability. Finding and building affordable homes for families is challenging, and we’re working closely with developers to create more affordable and workforce housing options,” he notes. This effort aims to ensure that essential workers, such as firefighters, police officers, paramedics, nurses, and teachers, can afford to live close to their workplaces, enriching the community’s fabric. Regarding industrial development, Fischer discusses the strategic approach to commercial growth in North Mankato. “The economic engine of North Mankato is our North Port Industrial Park,” he states. The success of previous industrial parks has led to the Port Authority’s proactive strategy of purchasing land, developing it into shovel-ready sites, and then selling it to developers. “This model has proven successful over the years and is evidenced by the thriving businesses and job creation in our industrial parks,” he adds. FACILITATING GROWTH IN NORTH MANKATO North Mankato’s strategic approach to attracting businesses and facilitating residential growth is multifaceted, focusing on providing robust infrastructure and attractive incentives. This dual approach enhances the city’s appeal as a prime location for investment and ensures that it is equipped to support future growth sustainably and efficiently. Fischer emphasizes the various incentives that 7 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 05 NORTH MANKATO, MN