According to the Foundation, the 12-month Master Plan project will consider changes needed within the Park’s boundaries to ensure RTP remains a pre-eminent and globally competitive location for research and development operations and a leading global center of innovation. Anticipated components of the RTP Master Plan project include land use, financial planning, transportation/transit, economic clusters, market demand, and other infrastructure and zoning recommendations.
Richard Daugherty, Chairman of the task force charged with assembling this development team, is quoted as saying, “While RTP has successfully addressed its mission over the past 50 years to create high-quality jobs and opportunities in North Carolina, the original development plan for the Park has not been updated since the 1960s. Considering how drastically the environment in which research parks and innovative economies operate has transformed over the past few years, the Foundation is taking this opportunity to re-envision the Master Plan for the Park to ensure we remain a place known globally as a hot spot for innovation and a key component of the region’s and State’s economic success and competitive position.”
Work on the Master Plan project will begin immediately and will engage a broad spectrum of RTP’s stakeholders, including the RTP Owners & Tenants Association, Durham and Wake Counties, the Triangle J CORE group and other surrounding municipalities, as well as Duke University, North Carolina State University, and the University of North carolina at Chapel Hill. The project is expected to last 12 months.
From a land use perspective, at least, this proves to be an exicting time for the Foundation and for RTP, itself. We’ll see what kind of land use innovation is conjured to dazzle the seemingly monopolistic purveyors of scientific innovation. More to follow, I’m sure.
Mike Thelen is an associate in Womble Carlyle’s Real Estate and Real Estate Litigation practice groups. He regularly represents a wide variety of clients, from local governments to businesses, in both state and federal venues throughout North Carolina.
Categories: Comprehensive Plans