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Economic Development
Citywide Strategy
The City of Lake Stevens is dedicated to improving, and diversifying the Lake Stevens economic and business climate. Our goal is to support a lively, active city where people can live, work, and play. Discover just how dedicated Lake Stevens is to ensuring the growth is positive and constructive.
The reports and findings below are the foundations for creating the ‘road map’ that will move us forward.
Background
With new interchanges complete along Highway 9 and 204, the city has partnered with KPG Psomas to present design options for this corridor with an intent of enhancing accessibility for pedestrians, cyclists and cars. Once complete, this project will improve the appearance of this area for business owners, residents, and visitors.
Goals
The goals of the 91st Ave NE Revitalization plan are to:
• Create an inviting “main street” shopping district along 91st Avenue NE that better connects the retail core with the surrounding residential areas
• Develop a more pedestrian-oriented streetscape with amenities such as wider sidewalks, seating, improved lighting, wayfinding, and public art
• Safely accommodate bikes and vehicles moving through the corridor
• Incorporate low impact stormwater design to filter runoff from impervious surfaces
Survey
The city has created a survey to collect input from business owners and consumers in the community. During the conceptual design phase is the best time to share ideas and preferences with the street options currently being considered.
Attachments
Open House
The city is hosting an open house at Lake Stevens Middle School (1031 91st Ave SE, Lake Stevens, WA 98258) on August 15, at 6 pm to present the conceptual design and options being considered.
Background
To continue its focus on expanding the economic health of the city, the City Council hired Urban3 and Retail Strategies. Urban3 developed an economic analysis for Lake Stevens that provided metrics to understand the fiscal health of the city and its subareas in comparison to other regional markets.
Project
In 2022, the City began working with Retail Strategies, a national recruitment firm, to help identify national firms that may be a good fit for the Lake Stevens Market. The primary reports developed by each firm are provided below.
- Urban3 – Economic MRI and Projections
- Retail Strategies – Market Guide
- Retail Strategies – Demographic Overview
- Retail Strategies – Tapestry Segments
Other actions that the City has taken include the reinvestment in its parks and infrastructure citywide to support economic growth. The City has sold unneeded property along 20th Street SE slated for commercial development and recently sold a property in the downtown core that will result in a new three-story mixed-use building.
Background
In 2010, the City Council implemented an economic development strategy focused on creating plans for specific growth centers to enhance opportunities for economic success that support the community and visitors.
Summary
Since then, the City has adopted three subarea plans and is currently developing an infrastructure analysis for its industrial center. Each plan emphasizes the unique characteristics of each area to expand the economic vitality of the city and provide different opportunities for job creation, shopping, dining, services, and recreation. Reports from the initial efforts follow: