Research Triangle Park

Coordinates: 35°54′29″N 78°51′46″W / 35.90806°N 78.86278°W / 35.90806; -78.86278

Research Triangle Park headquarters
Founded 1959 (1959)
Headquarters Research Triangle Park, North Carolina

The Research Triangle Park (RTP) is one of the largest research parks in the world.[1][2][3] It is named for the three hub cities of Durham, Raleigh and Chapel Hill, or more properly for the three major research universities in those three cities (Duke University, NC State University, and the University of North Carolina respectively). The Research Triangle region of North Carolina received its name as an extension of the name of the park. Besides the three anchor cities, the park is also bounded by the communities of Morrisville and Cary and the proposed annexations to the town of Pittsboro would also bring that community into close contact with the RTP. Approximately one fourth of the park's territory lies in Wake County, but the majority of its land is in Durham County.[4]

Overview

It is one of the most prominent high-tech research and development centers in the United States. It was created in 1959[5] by state and local governments, nearby universities, and local business interests. Karl Robbins bought the land where the park is now built. The park covers 7,000 acres (2,833 ha) situated in a pine forest with 22,500,000 square feet (2,090,318 m2) of built space.[1] The park is traversed by Interstate 40, the Durham Freeway and NC 540. It is managed by the Research Triangle Foundation, a private non-profit organization.[6]

The park is home to over 190 companies employing 50,000 workers and 10,000 contractors,[7][8] including the second largest IBM operation in the world, smaller only than the one in India; the company has around 14,000 employees in RTP.[9] The park hosts one of GlaxoSmithKline's largest R&D centers with approximately 5,000 employees.[10] Cisco Systems' campus in RTP, with approximately 5,000 employees, is the second highest concentration of its employees outside of its Silicon Valley corporate headquarters.[11]

Local government

The park is an unincorporated area, and state law prohibits municipalities from annexing areas within the park.[12] Some local government functions are served by the Durham-Wake Counties Research and Production Service District, a special tax district created in 1986[13][14] that is conterminous with the park, wherein the property tax rate is limited to 10 cents per $100 valuation.[15] The park has special zoning as a Research Applications District in the Wake County portion, and a Scientific Research Park in the Durham County portion. As of October 2012, both zoning areas are in the process of being revised to allow higher density development.[16] The zoning changes are coupled with legislative changes allowing for Urban Research Service Districts (URSD) within the Park, which can include a mix of retail and residential usages.[17] These newly permitted URSDs could levy taxes at the same rate as a neighboring city.[15]

Master Plan, Redevelopment, and Park Center

On October 1, 2015, President and CEO of the Research Triangle Foundation, Bob Geolas, announced RTP’s plans for a $50 million redevelopment involving the formation of “Park Center”. $20 million will be allocated from Durham County, $10 million from the Durham-Wake Counties Research and Production Service District, and $20 million as a result of land purchases and site work provided by the Research Triangle Foundation of North Carolina. [18]

Park Center is to be over 300,000 square feet of public space at the heart of the Research Triangle Park. This public area will include retail outlets, food and beverage venues, and entertainment space. Geolas states that “We want to make all of this as local as possible. I would like to have as few chains, no chains if we could. I’d love for it all to be local. Local coffee, local food, local produce, local products.” [19][20]

The redevelopment plans also include exploring partnerships with regional transit groups. The hope of the Research Triangle Foundation is to broaden public transportation to and from the area. According to Geolas, “We are currently having discussions about bringing the Regional Transit Center over to Park Center so that we can connect with all of our transit links.” A public commuter rail is also in talks.

Companies and institutions in or near the Research Triangle Park

Universities in the Research Triangle area

Wikimedia Commons has media related to Research Triangle Park.

References

  1. 1 2 "About RTP | The Research Triangle Park". Rtp.org. Retrieved 2013-05-16.
  2. ↑ "Minneapolis to host annual conference of university research parks". MedCity News. 2010-08-09. Retrieved 2013-05-16.
  3. ↑ "Research Parks and Job Creation: Innovation Through Cooperation". .nationalacademies.org. 2009-12-09. Retrieved 2013-05-16.
  4. ↑ "Research Triangle Park" (PDF).
  5. ↑ Carolyn Sakowski, Sue Clark, Angela Harwood, Steve Kirk, Artie Sparrow, Anne Holcomb Waters (2010), Travel North Carolina: Going Native in the Old North State (4 ed.), John F. Blair, ISBN 978-0-89587-379-8, retrieved 2011-12-14
  6. ↑ Chodavadia, Parth. "Research Triangle Park develops strategy for future growth | The Chronicle". Dukechronicle.com. Retrieved 2013-05-16.
  7. ↑ Bracken, David (2010-09-04). "RTP begins updating its master plan | Local/State". NewsObserver.com. Retrieved 2013-05-16.
  8. ↑ "RTP: Research Triangle Primer". Forbes. 2012-04-18. Retrieved 2013-05-16.
  9. ↑ "United States".
  10. ↑ WRAL Tech Wire (2011-02-16). "GSK cutting positions in RTP, nationwide -TechWire Insider :: Editor's Blog at WRAL Tech Wire". Wraltechwire.com. Retrieved 2013-05-16.
  11. ↑ "Cisco to slash 6,500 workers; RTP impact unknown". WRAL.com. 2011-07-18. Retrieved 2013-05-16.
  12. ↑ "Could RDU do more for Durham?", Raleigh News & Observer, 13-Sept-2009, p.13A
  13. ↑ "Self-Driving Tour of Research Triangle Park" (PDF).
  14. ↑ "The Research Triangle Park Jogging & Pedestrian Trails" (PDF).
  15. 1 2 Choose RTP Park Life About RTP Contact Us Blog (2012-07-31). "Master Plan Update: Legislative Changes Approved". The RTP Blog. Retrieved 2013-05-16.
  16. ↑ Choose RTP Park Life About RTP Contact Us Blog (2012-10-03). "Master Plan Update: Zoning Gives Room to Grow". The RTP Blog. Retrieved 2013-05-16.
  17. ↑ Bracken, David (2012-07-16). "New RTP master plan to be unveiled this fall | Local/State". NewsObserver.com. Retrieved 2013-05-16.
  18. ↑ "RTP Reveals Park Center Plan - The Research Triangle Park". The Research Triangle Park. Retrieved 2016-01-29.
  19. ↑ "Park Center Redevelopment". The Research Triangle Park. Retrieved 2016-01-29.
  20. ↑ "RTP Announces $50M for Park Center Development". Vimeo. Retrieved 2016-01-29.

Bibliography

External links

This article is issued from Wikipedia - version of the Friday, January 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.