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| Stakeholder |
ULI Plan |
FDDP plan |
| Park
Advocates |
200 acre park without the Big Field for special events or the
Historic Core for Park Destination Facilities. |
Keep the 306 acres intact until we bring in park
planners in the country who can design a park first and
define what we need for a "Great North Carolina Destination
Park". |
|
DHHS |
Current buildings are renovated by private developers and then rented
to DHHS with a long term contract. All their offices will be in a comprehensive
office park with other offices. |
In the near term employees move into existing buildings that DHHS
renovates as needed. In the long term, offices migrate to new facilities
over 30 years of park development |
|
NCSU |
A housing development on the Big Field in exchange for much of the
Spring Hill section of Centennial Campus. |
NCSU Develops Spring Hill property as it sees fit.
FDDP has included some development becoming part of the TIF
FDDP encourages collaboration with NCSU to form connections between the park, Walnut Creek wetlands and
Lake Raleigh. |
|
Department of Agriculture |
Moves the wholesale facilities off of the site and incorporates the
retail into a mixed use retail development. |
Department of Agriculture develops the Farmers' Market as it sees fit.
FDDP encourages collaboration to enhance Dept. of Agriculture's
mission by including park visitors. |
|
City of Raleigh |
Appoints the people who run the show. After the 30yrs of the TIF they
get tax revenue from the development.
Significant competition from the Dix development to the Downtown
development. |
Park becomes a defining attractions for the City as it develops.
Park creates incentive for development around its edges including the
Saunders North Development Project. Creates a TIF district in the areas
around the park to fund the purchase. Receives additional tax revenue after
the 30 year TIF. Increasing tourist revenue up to hundreds of millions
as park is developed. |
|
Adjacent Neighborhoods |
Cut off from the new park by the Dix development, and significant
competition from the Dix development. |
Owners take advantage of their improved property values as they see fit.
Residents have improved quality of life living near the park.
Redevelopment and investment improves the property values for the
neighborhoods. |
|
Mental Health Advocates |
$40 million for a Trust Fund for local initiatives at first, then
unspecified additional contributions. A building for a half-way house in
the park and continued use of the Healing Place |
$40 million for a Trust Fund for local initiatives at first, then
unspecified additional contributions. A building for a half-way house in
the park and continued use of the Healing Place |
|
County |
After the 30yrs of the TIF they get tax revenue from the development. |
Significant increase in the Hotel & Meal tax
revenues as the park develops and attracts tourism. After the 30yrs of
the TIF they get tax revenue from the development around the edges of
the park. |
