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Orchestra, the Minnesota Orchestra, the Walker Art <br /> Institute, Minneapolis Institute of Arts , the <br /> Tyrone Guthrie Theater (an excellent repertory <br /> theater - one of only four resident repertory <br /> theaters in the nation) , the new Ordway Music <br /> Theater, and many other theaters and museums. <br /> Also benefiting this area is Canterbury Downs, the <br /> $67 million dollar horseracing tack which opened in <br /> June, 1985, and Valley Fair, a 7-Flags type <br /> amusement park located in Shakopee. Other <br /> attractions include the Minnesota Renaissance <br /> Festival which is held in August and September each <br /> year and the Chanhassen Dinner Theatre. Also, in <br /> Excelsior, is the Old Log Theatre which has been in <br /> operation for over twenty years. <br /> Orono is located on the north side of Lake <br /> Minnetonka and is in the third tier suburbs . <br /> The 1987 estimated population for Orono is 7, 212 <br /> compared the the 1980 population of 6, 845. The <br /> number of households has continually increased. <br /> The 1987 estimated number of households is 2,568 <br /> compared with 2,291 in 1980 . <br /> Hennepin County is growing, with an estimated 1987 <br /> 7 <br />