Agenda - 04-21-1992 - Laserfiche WebLink

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M and /or policy proposals before decisions are made by advisory boards and the Board of Commissioners. It is incumbent upon each department to advise its respective advisory board of proposals and solicit comments as necessary. Although the majority of such proposals flow from the Planning Department to the Economic Development Department, proposed changes to the Economic Development Strategic Plan are subject to Planning Staff and Planning Board review. Both aspects of cooperative planning have been effective since July 1, 1991. Target Area Analysis. As indicated previously, the PB /EDC Work Group selected three areas in the interstate corridors to study as potential economic development areas. The first area studied was a 246 -acre site in the northeast quadrant of the I- 85 /Buckhorn Road interchange (see Attachment 1). Using construction cost data from an area contractor and a spreadsheet template, the Economic Development Staff projected the economic feasibility of a 100 -acre business park in the quadrant (see Attachment 2). The template enabled the PB /EDC Work Group to identify a development scenario for the site which included the following distribution of land uses: Distribution 55% Manufacturing 20% Flex Space 20, Service 5% Concurrent with the preparation of an economically viable development scenario, the Planning Staff identified development constraints within the entire 246 -acre quadrant. A conceptual site plan was then prepared, illustrating how the tract could be developed to achieve the desired distribution of uses. The Planning Staff also considered the inclusion of two potential uses which has expressed interest in locating in the area. The second location to be considered by the PB /EDC Work Group involved all four quadrants of the I -40 /Old N.C. 86 interchange (see Attachment 3). Following the preparation of a development constraints map for the area. the Economic Development Staff projected the economic feasibility of a 1000 -acre business park, built in three phases, for the area (see Attachment 10). The resulting development scenario for the site included the following distribution of land uses: Distribution 102% Manufacturing 25% Flex Space 30% Office Space 20% Retail /Service 12% Public 3% The principal reason for delaying completion of the target area analysis, including the area around the I- 85 /U.S. 70 interchange (see Attachment 4), stemmed from discussions of the appropriate distribution of land.uses and the performance standards