1. Research Triangle Park
A Plan for the Next 50 Years
Bob Geolas, President &
Chief Executive Officer
May 14, 2012

2. Founding Vision
A highly ambitious "big bet" that served as a catalyst for assembling and aligning the knowledge resources and business climate attributes to create opportunities for the people of North Carolina.

3. Competitive Pressures
RTP faces competition due to several factors.
International Competition
Competing American Clusters
Shifts Within the Innovation Economy
Development of Newer Research Parks
What would people like to see more of?
Provide convenient opportunities for lunch or business meals outside the corporate cafeterias, and a venue for an after-work drink.
Create a visible university presence, potentially through continuing education
Would like to see sustainability embraced throughout RTP
Like the idea of public transit
More access to venture capital and support for small businesses 3

4. Enduring Strengths
The decades long presence of major research and technology employers and the significant investments they have made in the Park will ensure that RTP remains a significant economic player well into the future.
Strong Work Force
Pastoral Environment
Legacy and Momentum

5. Development Challenges
RTP faces challenges that could not be foreseen 50 years ago. The rapid pace of change in the research and global market make it critical that the Park plan for the next 50 years to remain a dynamic engine of growth for the region & state.
Aging Building Stock
Limited Amenities
Use Restrictions
Changing Workstyles
Regional Congestion/Limited Transit
Lack of Cohesive Identity
Limited Available Sites/Leasable Space

6. Goals & Planning Principles

7. Market Objectives Retain Existing Tenants
The goal of the Master Plan is to create an environment that will allow RTP to continue to be an economic driver for the innovation economy.
This goal will be achieved by maintaining the Park’s attractiveness to existing tenants and owners, facilitating opportunities for existing companies to expand on site, and broadening the Park’s appeal to additional types of companies, including those not historically found at RTP.
Retain Existing Tenants
Attract Broader Range of Tenants
Continue to Attract Large Companies

8. Planning Principles
A number of initiatives can help the Park retain existing firms and remain attractive to new users, including:
More Density, More Nature
Clustered Development
21st Century Amenities
Sustainability

9. Master Plan

10. Business Support Cluster
Land Use Spectrum
The Master Plan recommends tiered density controls and a broader range of permitted land uses within the Park to introduce more compact, research-based development with a diverse range of product types in select areas.
GENERAL
DEVELOPMENT
GUIDED
DEVELOPMENT
Mixed Use Center
Business Support Cluster
Research Cluster
Greater Intensity
Enhanced Flexibility

11. Roads The existing RTP road network has
considerable capacity to support the level of additional future development envisioned in the Master Plan.
Extension of highway network
Existing Park roads able to support growth
New pedestrian-scale road network at clusters

12. Transit An important part of the Plan is
integrating transit planning to identify more sustainable ways of accessing the Park.
Coordinate with regional transit planning
Initial goal: multi-modal hub at new commuter rail station
Longer term: LRT alignment supporting development clusters

13. Natural Systems
An over-arching goal is preserving and enhancing the natural stream corridors to promote an even greater biodiversity within RTP to give the Park a strong sense of continuity and identity.
Preserve / enhance stream corridors
Reinforce ecological continuity
Integrate with cluster planning

14. Landscape
The Master Plan envisions park-wide landscape enhancements in both
developed areas and natural areas.
Define and reinforce roadway landscape character
Establish priority gateways
Establish priority roadway landscape investments

15. Guided Development Areas

16. Mixed Use Center
This cluster provides the greatest range of amenities and uses to support research and creates a new sense of a heart for the Park.
Research is core land use
Mix of retail, residential, hotel and education
Shared open spaces

17. Park Center
This development, at Park Center, reflects a goal of leveraging the location of
this site near major regional arterials to create an office/commercial hub in support of Park companies.
Business support cluster
Regenerate and renew
Increase intensity
Restore natural systems

18. Research Cluster
This development reflects a goal of creating a critical mass of research businesses sufficient to foster development of transit and amenities around a natural core, with access to a planned mixed-use center and residential cluster adjacent to the Park.
Research focus
Amenity core
Increase intensity through infill
Integrate natural systems

19. Realizing the Plan Input from Park companies
Multiple projects, phased over time
Regulatory changes
Collaboration with partners: owners, government, developers 19

20. Thank You Bob Geolas, President & CEO The Research Triangle Park|