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Record of Proceedings

Shakopee Economic Development Authority Regular Meeting - May 6, 2026

City Council & Commissions — Wednesday, May 6, 2026
BodyShakopee, Minnesota
SessionCity Council & Commissions
DateWednesday, May 6, 2026
StatusFILED
Video Record
0:00 / 21:30

Original source
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0:01

Recall to order the Tuesday, May 5th, 2026 meeting of the Shakabee Economic Development Authority.

0:08

Please make note of the role.

0:10

And we'll move on to item number two, approval of the agenda.

0:15

Member Lehman.

0:16

I'll make a motion to approve the agenda.

0:18

Second.

0:19

A motion and a second.

0:20

All those in favor say aye.

0:22

Aye.

0:22

Aye.

0:23

We have an agenda.

0:25

All right.

0:25

We're going to move on to item number three, consent business.

0:30

Member Lehman.

0:31

I'll move the consent business.

0:32

Second.

0:34

We have a motion and second that includes the approval of the EDA meeting minutes.

0:38

Any discussion?

0:40

Discussion, discussion.

0:41

All those in favor say aye.

0:43

Aye.

0:43

Any opposed?

0:44

Motion passes unanimously.

0:46

We are on to item number four general business.

0:48

It's a change order from Gensler for additional views and expansions of the Canterbury Study Area.

0:54

Mr.

0:54

Kerskey.

0:59

Sorry, I went too fast.

1:14

Warming up.

1:16

We do have the packet items in our packet if we have to go forward.

1:36

Especially when it doesn't work.

1:51

Do you want to put it under the camera?

1:52

I mean, I could loan you my uh my uh agenda item if you want to put it on the camera.

1:59

Oh, I had on I have a zip drop.

2:02

Hang on.

2:36

It's in the cloud.

2:37

It's just a stormy night.

2:39

Satellites.

2:40

What's the name of that chain that goes over?

2:42

Starlink.

2:43

Starlink, yeah.

2:44

I haven't seen that, but I've uh seen pictures of it.

3:24

Okay.

4:26

There we go.

4:26

I apologize.

4:35

Okay.

4:35

Sorry.

4:36

All right, continue.

4:37

Technology.

4:39

So we did work with Canterbury and Gensler and Hundred Partners on the first phase.

4:45

So this was their visioning for Canterbury Park.

4:52

So they looked at a creating a multi-season entertainment hub, all day, everyday activity, a place for big moments.

5:06

So kind of here were some of the items they looked at and how uh they could be combined.

5:11

So one of the items we already have a major entertainment anchor with the amphitheater, and one of the things we need is a destination hotel.

5:19

So they looked at a spa and medium banquet facility, and what could complement that.

5:26

And then these are the themes that they worked on.

5:30

So looking at insta collectors, cultural chasers, night out crowd, um pamper crew, leisure loyalists, night out players, um, social weekenders.

5:42

So how do we get people to come to Shakapee and spend more than just a moment here?

5:49

So these were some of the things they looked at is art festivals, movie nights, watch parties, curling festival, winter lights festival, yoga in the plaza, local brewery festival.

6:03

So these are some of the they looked at other things from the Hyden report, so how they could activate the space, and one of the things was we already have an 800 plus um car park that was built for the amphitheater.

Discussion Breakdown — Share of Meeting
Economic Development█████████████████████████████████████████████51%
Procedural████████████████████████27%
Hotel Management██████7%
Budget Equity Analysis█████6%
Transportation Safety████5%
Technology and Innovation████4%
Summary of Proceedings

Shakopee Economic Development Authority Regular Meeting - May 6, 2026

The Shakopee Economic Development Authority (EDA) met on May 6, 2026, to consider a change order for the Canterbury Park study area, approve a tax increment financing plan for the gravel pit, and amend an interfund loan. The meeting included a presentation, a public hearing, and votes on resolutions.

Consent Calendar

  • Approval of the agenda and the EDA meeting minutes – passed unanimously.

Public Comments & Testimony

  • No members of the public addressed the EDA during the public hearing on the Gravel Pit TIF 22 Soil Deficiency, despite multiple calls for comment.

Discussion Items

  • Change Order for Gensler (Canterbury Park Study Area): Staff presented a conceptual vision for expanding the study area to include a destination hotel (approximately 150 rooms), multifamily residential (similar in scale to Triple Crown's 620 units), retail, restaurants, and year-round activities (e.g., ice rink, sledding hill, festivals). The next phase would require an Alternative Urban Areawide Review (AUAR), including traffic counts during a peak event. Commissioners discussed traffic concerns and the need for housing to support the entertainment district. A motion to approve a $55,000 change order, split 50/50 with Canterbury Development, passed unanimously.
  • Gravel Pit TIF 22 Soil Deficiency (Public Hearing): After opening the public hearing with no testimony, the EDA discussed Resolution E2026-002 to rescind a previous resolution and approve the TIF plan. Commissioner Lehman expressed it was "very risky." The resolution passed on a vote of 3–2.
  • Amendment to Interfund Loan for TIF District 22: Staff proposed increasing the interfund loan authorization from $300,000 to $600,000 to reimburse staff and consultant costs until TIF increments begin (estimated 2030–2031). The loan would be from the EDA general fund to the TIF district, with interest. Commissioner Lehman questioned the source and repayment terms. Resolution E2026-003 passed 4–1.

Key Outcomes

  • Approved the Gensler change order (unanimous).
  • Adopted Resolution E2026-002 (TIF plan) – 3 in favor, 2 opposed.
  • Adopted Resolution E2026-003 (interfund loan increase) – 4 in favor, 1 opposed.
  • Adjourned to June 2, 2026, at 7:00 p.m.

Meeting Transcript

Recall to order the Tuesday, May 5th, 2026 meeting of the Shakabee Economic Development Authority. Please make note of the role. And we'll move on to item number two, approval of the agenda. Member Lehman. I'll make a motion to approve the agenda. Second. A motion and a second. All those in favor say aye. Aye. Aye. We have an agenda. All right. We're going to move on to item number three, consent business. Member Lehman. I'll move the consent business. Second. We have a motion and second that includes the approval of the EDA meeting minutes. Any discussion? Discussion, discussion. All those in favor say aye. Aye. Any opposed? Motion passes unanimously. We are on to item number four general business. It's a change order from Gensler for additional views and expansions of the Canterbury Study Area. Mr. Kerskey. Sorry, I went too fast. Warming up. We do have the packet items in our packet if we have to go forward. Especially when it doesn't work. Do you want to put it under the camera? I mean, I could loan you my uh my uh agenda item if you want to put it on the camera. Oh, I had on I have a zip drop. Hang on. It's in the cloud. It's just a stormy night. Satellites. What's the name of that chain that goes over? Starlink. Starlink, yeah. I haven't seen that, but I've uh seen pictures of it. Okay. There we go. I apologize. Okay. Sorry. All right, continue. Technology. So we did work with Canterbury and Gensler and Hundred Partners on the first phase.

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