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The consultants who prepared the fiscal impact analysis for Carolina North will present their final report to the public March 31. The presentation will begin at 7 p.m. in the Wicker Classroom (2603) at the School of Government on the campus of the University of North Carolina at Chapel Hill.

The consultants who prepared the fiscal impact analysis for Carolina North will present their final report to the public March 31. The presentation will begin at 7 p.m. in the Wicker Classroom (2603) at the School of Government on the campus of the University of North Carolina at Chapel Hill.

Free parking is available after 5 p.m. in the School of Government parking deck, with additional paid parking in the N.C. 54 visitor’s lot and the Rams Head deck. Chapel Hill Transit service is available via the RU, G, S and V routes. See http://www.townofchapelhill.org/index.asp?NID=399 for timetables of these routes.

The fiscal impact study looks at how the research and academic campus of Carolina North, to be built off Martin Luther King Boulevard two miles north of the main campus, might affect Carrboro, Chapel Hill and Orange County under two different development scenarios. It is one of three foundational studies upon which University and government planners will rely as Carolina North is developed: the fiscal impact analysis and an ecological assessment, both of which have been completed, and a transit study commissioned by the Town of Chapel Hill that is nearing completion.

The report’s completion earlier this month is an important milestone because it provides a framework for University and town representatives who are now working together to complete a rezoning and development agreement for Carolina North.

Discussions currently underway among members of the Chapel Hill Town Council and the University’s trustees and the chancellor are expected to result in a draft development agreement for formal consideration during May and June, with a decision expected by the council in late June.

The 64-page final report and its 120-page appendix analyzed two development scenarios for the first 15 years of development at Carolina North. Both scenarios anticipate mixed-use development of academic/research space, corporate office space, retail and housing, but they differ in the timing for housing and corporate office development as well as the mix of housing.

The consultants who prepared the report are TischlerBise Fiscal, Economic and Planning Consultants of Bethesda, Md. They were aided by The Chesapeake Group Inc. of Baltimore, Md., who focused on the indirect impact of Carolina North on the surrounding economy.

Carolina North fiscal impact analysis report online: http://research.unc.edu/cn/specifics.php

News Services contact: Susan Houston, (919) 962-8415, susan_houston@unc.edu

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