Agenda 04-11-2001 late - Laserfiche WebLink

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Attachment 2 V. JOINT PLANNING OPERATING PRINCIPLES This section is the springboard for preparation of the Land Use Pla What has been described in Sections i -IV represents critical backgrou information. This section suggests the setting in which the plan wi be drawn (Growth Trends) and guidelines for drawing the plan (List. Principles /Location Standards /Strategies). The Chapel Hill /Carrboro area does not exist or grow as an isolat urban area. It is increasingly becoming viewed as a component of t Research Triangle Area, an area that stretches from Carrboro on the we to Garner on the east. The Triangle area includes parts of Orang Durham, Wake, and Chatham Counties, and contains eight municipalitie The economies, housing markets, commuting patterns, and lifestyles all of these areas are linked -- what happens in Raleigh affects Chap, Hill: What has been happening is growth -- at unprecedented levels. TI increased development activity In southeast Orange County has bey mirrored.in Durham and Wake Counties as well. In terms of absolu• numbers, Wake County development has dwarfed everything else going on. Population growth in the Triangle area has been fueled by in- migratloi Migration accou"- s for approximately two- thirds of our recent populatli increases (one -" rd from naturel'increase). The reasons for this Iarl migration.are er4►omic opportunity and overall hl-gh quality of life. The key to understanding Triangle area growth is Job creation. TI reason people are moving here Is that employment opportunities al exploding . Even in the low points of recent recessions, Triangle are unemployment never rose above 3 %, often recording the lower unemployment rate in the nation. At the focal point of new Job creatic Is Research Triangle Park. In the Chapel Hill /Carrboro area, development accelerated beginnir 49