Agenda - 04-06-1989 - Laserfiche WebLink

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93 Y. • JOINT PLANNING OPERATING PRINCIPLES IIThis section is the springboard for preparation of the Land Use Plan . What has been described in Sections 1-t11 represents critical background information. This section suggests the setting in which the plan will be drawn (Growth Trends) and guidelines for drawing the plan (List of Principles/Location Standards/Strategies) . G OWZH TREND$, The Chapel H1lI/Carrboro area does not exist or grow as en isolated urban area. It is increasingly becoming viewed as a component of the Research Triangle Area, an area that stretches from Carrboro on the west to Garner on the east. The Triangle area includes parts of Orange, Durham, Wake, and Chatham Counties, and contains eight municipalities. The economies, housing markets, commuting patterns, and lifestyles of all of these areas are linked -- what happens in Raleigh affects Chapel Hill . What has been happening Is growth -- at unprecedented levels. The increased development activity in southeast Orange County has been mirrored in Durham and Wake Counties as well . In terms of absolute numbers, Wake County development has dwarfed everything else going on. Population growth in the Triangle area has been fueled by in-migration. Migration accounts far approximately two-thirds of our recent population increases (one-third from natural increase) . The reasons for this large migration are economic opportunity and overall -hfgh quality of life. The key to understanding Triangle area growth is job creation. The IIIreason people are moving here is that employment opportunities are exploding . Even in the low points of recent recessions, Triangle area unemployment never rose above 3%, often recording the lowest unemployment rate in the nation. At the focal point of new Job creation is Research Triangle Park. Existing Growth Patterns, In the Chapel Hill/Carrboro area, development accelerated beginning 49 ;�