“The Triangle’s namesake office campus was created more than a half-century ago as a trend-setting research location aimed at luring companies to central North Carolina,” Graham writes. “But RTP’s big break occurred in 1965, when the park still wasn’t much more than lines on a map and acres of pine trees. That’s when IBM announced its would build a 600,000-square-foot research facility in the heart of the park, kicking off decades of development that spurred growth throughout the Triangle and helped draw tech talent to the region. Even Apple CEO Tim Cook spent time as a young man working for IBM in RTP.”
“Apple wouldn’t necessarily be breaking any molds for the Triangle, including with its typically suburban office campus preferences. It would be more of an affirmation of where the region is already headed, and a significant shot in the arm, [Jessica Brock, managing director at Longfellow Real Estate Partners] says,” Graham writes. “‘Apple’s brand would add momentum to our region’s evolution as a cutting edge, 21st-century metro,’ she says. Still, the research park model hasn’t necessarily aged well. Planners and executives at the Research Triangle Foundation, the nonprofit that manages the park, have talked about the need to urbanize the park for years. Former RTF CEO Bob Geolas liked to drive the point home by quipping that the park still lacks a Starbucks.”
Read more in the full article here.
MacDailyNews Take: Good luck, NC!
Apple close to deal to build major new campus in North Carolina’s Research Triangle pending tax breaks – May 17, 2018
Apple quietly explores Northern Virginia for 20,000-employee campus – May 16, 2018
Apple to build new U.S. campus, pay record $38 billion repatriation tax – January 18, 2018
Apple gives employees $2,500 bonuses after President Trump signed the GOP’s Tax Cuts and Jobs Act – January 17, 2018
Looks like Apple is bringing nearly all of its $250 billion foreign cash back home to America – January 17, 2018
Apple plans to add $350 billion to U.S. economy and create over 20,000 new jobs over next 5 years, pay $38 billion in repatriated taxes, the largest ever made – January 17, 2018
North Carolina lawmakers OK tax incentives for Apple Inc. – May 27, 2009
North Carolina lawmakers push to give Apple massive tax break for $1 billion server farm investment – May 23, 2009