If current ratios hold, the build-out of the Park Center mixed-use development project launched by the
That's because 42 percent of the 170 companies currently in RTP are engaged in the life sciences, including R&D and manufacturing of therapeutics, diagnostics, agricultural biotechnology, nanotechnology and medical devices.
RTF President and CEO
Geolas announced that the foundation was able to plunk down
He said the site will become "the geographic and figurative heart of RTP's redevelopment," with rental housing even grad students will be able to afford, along with walkable access to stores, restaurants, bars, arts venues and public transportation eventually including light rail service.
Not your father's research park
That's a major change from the park's last-century sprawling layout of cloistered business campuses accessible only by vehicle. Embracing contemporary business norms and demands, Geolas and the Foundation board have stumped the state to gather ideas as they've rewritten the rules to make the historic research park livable as well as workable.
It could also mean the life science jobs ratio might be considerably lower in the new "park city" area, because that kind of environment requires a different mix of workers -- bartenders as well as biochemists.
"This is an investment in our shared future," said Geolas. "With Park Center, we want to provide the physical space, engaging community and collaborative environment necessary to attract and nurture the new generation of risk-takers and innovators who will carry our state forward in the decades ahead."
The Park Center project will relocate
Showcasing tech, training, teasing, transforming
Geolas vowed that Park Center won't be "just another mixed-use development plan." Instead, he said, it will be a showcase for new technologies as well as the humanities and a venue for education, entertainment and ingenuity.
"Our founders took a lot of risks in creating the RTP," he said. "It was their vision, and their generosity of spirit, that brought together business with our universities, that took our state from 49th in the nation to becoming a global leader in life science and technology."
When it was established in 1959, RTP was the largest research park in the world, and quickly became an economic engine for the state. It's still the largest research park in
NCBiotech and RTP share 'first' leadership success
NCBiotech was established with the same kind of vision, optimism and moxie in 1984, also a worldwide ground-breaker as the first state-funded non-profit economic development organization devoted specifically to the creation of life science jobs across
By the dawn of the 21st Century, NCBiotech had solidly proven that the model was timely and correct, helping to shepherd
"What we are seeing is a new generation of thinkers and innovators emerge in RTP, "said Geolas. "With Park Center, we will provide the physical space and collaborative environment needed to support the risk-takers who will carry our state forward to a new future."
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