Word has been trickling out that UNC's plans to build an "Innovation Center" at the future site of their Carolina North satellite campus are slowing down along with the U.S. economy. Given that they had planned to build the Innovation Center before developing and approving the master plan for the campus that it should fit into, I can't say I'm bothered by the delay.
"We're working with Alexandria [Real Estate Equities] on this project, and we anticipated having a lease signed by now," [Chancellor Holden] Thorp said. "We don't have a lease yet and we don't think it's appropriate to ask the town to do more work on that until we're there. I'd say there are a number of reasons [for the delay], and the economy is definitely a factor."
It seems to me that this isn't the first time Carolina North has been stymied by an economic slowdown. Just 10 years ago, the town and university leaders had completed a joint plan for the area, now known as the JJR plan. But after the dot-com bust, we suddenly didn't hear very much about this huge project for a while. This is the danger of tying public infrastructure up with the private market. Will the current recession have a similar impact on Carolina North plans?
So what's your guess on when - or if - they will break ground on the Innovation Center?




