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MEDIUM potential:The adjacent structures have a value that is comparable to the underlying <br /> land value.There is some natural market incentive to improve the value of the structure and <br /> maximize the underlying land value. Improvements or alterations to the street can have an <br /> impact on the amount of development and redevelopment along the street. <br /> HIGH potential:The adjacent structures have a low value in comparison to the underlying land <br /> value.This is an unstable situation where there is a market incentive to tear down or renovate <br /> underperforming structures.There is strong potential for improvements or alterations to the <br /> street to have a significant impact on the amount of development along the street. <br /> Incremental Repair <br /> Low cost strategies that the city can do immediately to improve value along the street. <br /> Traffic Study <br /> The City Council contracted with Spack Consulting in 2019 to provide a Traffic Study Report for several <br /> intersections in the core downtown area of Pequot Lakes. Their findings and recommendations from <br /> that Traffic Study Report are included in the Neighborhood Evaluation. <br /> Road Specification Guidelines <br /> The City Council adopted Road Standards/Specification Guidelines in 2018. As part of the review,the <br /> streets were classified according to their use and specifications for future use and reconstruction were <br /> determined. The street classification from those Guidelines are included in the Neighborhood <br /> Evaluation <br />