I have been a native of the Charlotte region for most of my 40-something years. During this time I have watched with interest the development (and oftentimes redevelopment) of uptown Charlotte. Or downtown. Or Center City.
This weekend, while reading an article about the residential development in downtown Charlotte, I was struck that while only 8 of the 20 announced developments since the mid-2000s have been built, that downtown economic developers and promoters would have likely been thrilled by the knowledge in 1999 that, by 2010, there would be 8 new significant downtown residential developments. It’s easy to look back now and focus on the 12 projects that didn’t happen (yet) and lose sight of the 8 that did happen and how they helped transform Charlotte’s urban core.
The parallels to the development landscape in downtown Charlotte and some of the recent talk about the slowdown of development on the North Carolina Research Campus are amazingly close. Can you imagine how excited in July 2003 we in Kannapolis and Cabarrus County would have been to know that by 2009 we would be witness to the removal of more than 6 million square feet of rapidly decaying and obsolete textile manufacturing space (with no public funds expended to do it); the construction of three huge buildings including a one of a kind, state-of-the-art laboratory facility and space to support eight public and private universities doing groundbreaking life science research; nearly $300 million in private investment; and more than 200 people in the biotech industry working in downtown Kannapolis?
The Great Recession has changed our real estate market and it has impacted development projects across the country, from downtown Charlotte to New York City’s World Trade Center site to yes, Kannapolis and the North Carolina Research Campus.
What hasn’t changed in Kannapolis is the vision. Over the past several years we have spent a lot of time talking about buildings, and rightfully so. But we’re moving into a phase of the maturity of the Campus where the science is starting to take flight. Scientific papers are being published. Scientists are being recruited on a daily basis. Real scientific discoveries are starting to develop and emerge. This growth in the business of the Campus (more so than the development of the Campus) is what will sustain the project over time. It is the science and the discoveries that will lead to more buildings, more private investment and more jobs. The transformation of our local economy is indeed occurring – just not in the five years we had originally hoped.
Even if we never witnessed another brick being laid on the North Carolina Research Campus, we as a community and a region are incredibly fortunate to have seen what has occurred to date. We are already incredibly far ahead of the game.
The satisfying part of all this is that the North Carolina Research Campus is still in its infancy and there are no plans to stop (or even slow) its continued development once our national and global economy recovers. There will certainly be plenty more bricks to be laid on the Campus and lots more jobs to be created; but more importantly, there will be real scientific breakthroughs in the areas of nutrition, food productivity and disease research. We must remain patient and do our part to continue to support this great vision.
Filed under: Uncategorized | Tagged: Campus, Core Lab, economic development, NC Research Campus, NCRC | 2 Comments »