Business

RTP working on new master plan

Posted August 27, 2010 11:54 a.m. EDT

— Leaders of the Research Triangle Park Foundation, which owns and operates the 7,000-acre high-tech and life science complex, are preparing to develop a new master plan for park development.

The foundation will have a meeting next Thursday to set the stage for a formal launch of a plan, said Cara Rousseau, RTP director of partnership initiatives.

Richard Daugherty, a longtime IBM executive who retired and later spearheaded development of the Centennial Campus at North Carolina State University, is spearheading the effort, Rousseau said.

Daugherty told The Triangle Business Journal that a new master plan would be the first for RTP since it was formed in 1959.

Rousseau said development of the plan would be a “staff-wide project” and that more details will be disclosed following Thursday’s meeting.

More than 170 companies operate in RTP and employs in excess of 42,000 workers as well as 10,000 contractors, according to the Foundation.