The Hastings Economic Development and Redevelopment Authority, HEDRA, met in regular session
on June 11th.
HEDRA reviewed a summary of the proposed 2027 budget priorities, including a revolving loan program, facade improvement grants, Minnesota Department of Transportation grants for assistance during construction, and revenue sources.
HEDRA also approved the recommendation of the termination of the Gaughan Companies Industrial Park Marketing Agreement, which is set to expire at the end of June.
HEDRA also discussed the Block 16 Red Rock Corridor Parking Lot and reviewed a plan for the proposed community engagement strategy to solicit input on future uses for the block, including how to reach targeted stakeholders and ways to gain input.
Community engagement will occur over the summer, and staff will report back to the commission.
HEDRA reviewed the plans for Block 28 Hastings Gateway, including receiving an update on soil borings and timelines for securing developers, before receiving an update on commercial and residential development activities around the city.
[Click the soundbite to listen to the report.]