
Finley Schulz · 2 September 2026
The Elmsly City Council voted unanimously Tuesday to approve a comprehensive waterfront redevelopment plan aimed at transforming the underused industrial shoreline into a mixed-use district. The decision followed six months of public hearings, environmental reviews and traffic studies. Officials described the project as a key step in the city’s long-term growth strategy.
The plan calls for new housing, commercial space and public amenities while incorporating flood protection and habitat restoration along the river. Construction is slated to begin next spring and span five years.
Project Components and Funding
Key elements include 250 residential units with 40 percent designated affordable, a 20-acre public park, a 50-slip marina, and 120,000 square feet of retail and office space. The design also features a continuous waterfront promenade and improved transit connections. Total cost is estimated at $120 million, funded through city bonds, state grants and private investment. Environmental measures focus on stormwater management and native plant restoration to improve water quality.
Council members stressed that all new buildings will meet high energy-efficiency standards. A community benefits agreement requires local hiring targets during construction and operation phases.
Anticipated Local Effects
Projections indicate the development will create 1,400 construction jobs and 750 permanent positions once complete. City economists forecast an annual increase of $45 million in local economic activity. Residents voiced support for expanded recreational access, though some neighborhood groups raised concerns about potential displacement and rising property taxes. The council pledged ongoing monitoring of housing affordability and committed to quarterly public updates throughout the construction period. The approval positions Elmsly to compete more effectively for regional tourism and business relocation.