|
.. YyVi-W.nG~rys-vvac, ,.. ..,.,... - -..
<br />
<br />
<br />Developers may donate schools in trade for Cary water
<br />Roger Perry and Craig Davis are
<br />discussing the idea, still in the
<br />incubation stage, with the town.
<br />Wake school administrators are
<br />hopeful about the proposal.
<br />BY JAY PruCE
<br />STAFF WRITER
<br />GARY -Two developers may donate an ele-
<br />mentary school each to the town as part of
<br />the bargaining over scarce municipal water
<br />for their unrelated new projects.
<br />If Roger Perry or Craig Davis does hand
<br />over aschool - a gift w~.•th millions of dol-
<br />lars - it would probably be a first in North
<br />Carolina. It also would appear to be a dream
<br />come true for Wake school leaders, given the
<br />defeat in June of their $650 million school
<br />bond package.
<br />Stella Shelton, a spokeswoman for the
<br />school system, said administrators had met
<br />with the developers, but that the proposals
<br />weren't far enough along for comment.
<br />"Certainly, though, we're in a position to
<br />listen to any offers like that," she said.
<br />Craig Davis Properties of Raleigh is one of
<br />the region's largest office and warehouse
<br />builders and also is a partner in developing
<br />the retail portion of the Meadowmont mixed-
<br />use project in Chapel Hill.
<br />Davis bought an 80-acre tract in northern
<br />Cary a year and a half ago and wants. to build
<br />a mixed-use project there called Page Plaza.
<br />It would be biased toward commercial con-
<br />struction, but also would include homes built
<br />to the emerging high-density, pedestrian-
<br />friendly model and perhaps the school.
<br />Perry, whose East West Partners is best
<br />known for its role as lead developer of
<br />Meadowmont, built extensive experience in
<br />negotiating with local government during the
<br />grueling approval process for that project.
<br />He was brought in earlier this year as the
<br />managing partner for the 1,100-home Cary
<br />Glen planned unit development in northwest
<br />Cary.
<br />There are aheady homes for sale at Cary
<br />Glen, which was originally planned as a tra-
<br />ditional residential project with mostly sin-
<br />gle-family homes. But Perry envisions
<br />redrawing the plans toinclude ahigh-densi-
<br />ty,pedestrian-oriented project with a village
<br />center featuring homes and. offices above
<br />retail shops and maybe a school, too.
<br />"We're considering all kinds of things at
<br />this point to help us fit the new development
<br />patterns in Cary and allow us to get insoon-
<br />errather than later," Perry said.
<br />The town has a water shortage, and in
<br />August set up an allocation system to divide
<br />the modest amount of remaining capacity
<br />between commercial and residential devel-
<br />o The system savors olderprojects,something
<br />that could hold back Cary Glen and Page Plaza.
<br />But the town added a clause that itwould pro-
<br />videwaterforanynewschool,andseveral City
<br />Council members said that could be stretched
<br />to include both entire projects.
<br />City Council member Glen Lang said that
<br />the discussions had centered on 650-student
<br />elementary schools.
<br />SEE DONATE, PAGE 5g
<br />
<br />vi ~t ca ~..~ ~ ~ ~ c.,
<br />a.., of . ti w ~~ O r'~ ~ Vi . ,..,° O O d O O H
<br />a .ti , ~ .C d t0 ~ CI d~~..aq ~ ,yM.O~n'C1 ~ i°i r'~,, ~ ~ O e{S "' ~ eZrry ~°, ~ O.Z t7 d y~~ D '" .~ ,~
<br />.y 1~~^ Q9 S ..Y V .+..i1Y •V ~ n~ ° (~ ~ iV I l T W 1°Y .q D ~ ~'~` ~ ~ ~y b ^~
<br />i1 ~ ~.1 .~ ~ ~ ~ ~ ~ •~ ~ i3 ~ ~ V Ala ~' ~ .ia ~ ~ ° ~ • W
<br />~~ wa~i~~a.. ~'ao~w~~~~~rao°`~~;~aoi~°~o<° o~3~.a.~o
<br />.9:°~ o~e.>,o°$ ogo~3~«a~i~~~~ye3a~o+iQaav°,v~,m° ~°',~~>~°~~
<br />.,Qp~ y O q ~ O ~ U ~ .CI r.., ,O yW~ O ~'" .O ~ .C7 .4: c7~~„ .~ ~ RS R7 ~ N ~ p ~'' O .s~ O RS o
<br />"' ~ O .p ~'~ °' .n ~' ~ O G .~4 c,~ ~'L~ O ~ ~ 0 0 ~ ~ 0i G ~ ~ .^~J y ¢~~ O ~,a r'' Cj
<br />~,gw~~~. ~O ,~ .a -b~'' ig ~oEtwzs~'o~:~°'.~~o~o 'a~i
<br />$gg~ ~ v~~
<br />~c~w.OCA~~~.C~~~QQ~~~N~CC$f~'~ z7.~ 0~1~C~y ~py0,~ ~' ~~~bo~'.O~i ~..
<br />VJ {..1 rip V2 .~ tti .Q ~ ~ ff~~ O oD ~ .~ p' Vim! ~ ~j ~ r'~i1 ~ vOJ .Q ."~ ~ ~ ~
<br />d O ~ ~. ~ '~
<br />0
<br />Y
<br />~v1
<br />°l '_
<br />a
<br />~ N
<br />v
<br />.C .q ~' ~ Iv .~ ~ Rf a~ y, ~
<br />m .~ .;,; 8 >~ s~ ;zt a> ~ ~ ~ "' ~ a, p3 ~ ~ ayi w ~ •~ nn °~' 3 'd b ~ o
<br />~ a °caa~ °~~'° co°~~~~ 0~~~~33o,~a~°~ ~~ ~~~s~ 3ro
<br />.N 4. .» an ~.. y a~ o o ~ a~ ti
<br />o u~,q ~ ~~ ~,~~.o~s a~ ~,a~a a~ iR~~''»a-'Q.~, a~o~~~.,o
<br />.~•o~ 3 ~.~ air c~c~~ ~ ~,'l;~ ~ ao~v~ o.'~ o ~ ~~i cUF~.~ c'3S ~~,a
<br />
|