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<br />Mayor Foy inquired about when infrastructure would have to be in place to actually build <br />something there. Mr. Firstenberg described a "sequenced development" of opening some <br />of the project up and doing the infrastructure associated with that as an initial investment,. <br />Then, when that reached a certain point of absorption, they would start the next phase, he <br />explained.. Mayor Foy asked about building a road that was not part of a particular phase. <br />Mr. Firstenberg replied that there were a couple of major roads that would have to be <br />built. But the plan would allow incremental investments in terms of infrastructure such <br />that one can measure that inveshnent and also put enough things in place to carry the <br />burdens, he said. <br />Council Member Ward noted that there would be sizeable costs for the Town associated <br />with providing services to Carolina North. To what extent, he asked, was a revenue <br />stream being created to assist or cover those costs? Mr, Firstenberg replied that the fiscal <br />equity issue needed to be thought tluough and analyzed with Carrhoro and Chapel Hill to <br />realistically estimate the impacts and achieve fiscal equity. Mr'. Firstenberg added that he <br />envisioned many of the buildings being on the Town's tax rolls. He thought there would <br />be revenue streams to address the costs, but it was too early to say whether they would <br />address all of the costs, he said, <br />Council Member Greene requested more information on the University of Virginia <br />(UVA) projects with which Mr. Firstenberg had been involved. Mr. Firstenberg <br />explained that he had begun working on that research park in 1991-1992, having been <br />brought in to develop a business plan because the project had not been working, He had <br />come up with an entire new program and the project since then had been very successful, <br />Mr. Firstenberg said. He described several of the buildings in that research park and <br />discussed their relationships with UVA. Mr, Firstenberg pointed out that the project was <br />not mixed use, With regard to UVA's Norfolk project, he had been brought in to help <br />zone the property and develop a model to build the initial infrastructure, he said. Mr. <br />Firstenberg explained that the Norfolk project had begun in the late 90s, but had slowed <br />down in the last couple of years. Looking at that today, he said, mixed uses would have <br />been better, <br />Council Member Greene wondered if Mr. Firstenberg was saying that he hoped to learn <br />from the mistakes of these other places. He replied that there are always things that one <br />can do better even when successful. Council Member Greene asked if it was correct that <br />there would be no bond money used for Carolina North, Mr. Waldrop replied that none <br />of the higher education bond referendum money was slated for Carolina North, But, be <br />added, he did not feel comfortable giving a definitive answer- tonight on bow it would be <br />funded. <br />Council Member Harrison asked if UNC was envisioning private developers paying to <br />build, or extend, or relocate a major road on this property. Mr. Waldrop replied be could <br />not answer that question, but noted that UNC's plan was before the NC Department of <br />Transportation (NCDOT) and UNC was waiting for feedback, Council Member Harrison <br />asked where that was at NCDOT. Mr. Waldrop offered to find out. <br />