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Caption: Map of UIUC (2001) (Economic Development)
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Initiatives Related to Research Park Development In partnership with a private developer the University has nearly completed construction of the first of two phases totaling approximately fifty acres of research park space south and west of the corner of First Street and St. Mary’s Road on the south UIUC campus. Facilities already constructed, or for which planning funds have been received, include: • • • • A 75,500 gross square foot research and development facility for Motorola, Inc. A 63,600 gross square foot research and development facility (the “Z” building) A 64,600 gross square foot research and development facility (the “I” building) A 41,800 gross square foot research incubator facility in infrastructure implementation (utilities services, program relocation, telecommunication, roads, etc.) for the first phase of the research park development. In addition to this initial phase of research park development, discussions are under way for further development of additional land in ways that could expand the research park or other economic development initiatives or could serve other university needs. For example: • The research park developer is prepared to construct a hotel/conference center, which represents the private investment of approximately $15 to $20 million. A private donor has expressed interest in construction of a golf course in proximity to the hotel/conference center, representing another private investment of approximately $12 million. The University Alumni Association has expressed interest in constructing a new office facility in proximity to the hotel/ conference center, representing and investment of approximately $10 million. • The first facility was constructed by Motorola, Inc. for expanded research and development activities. The next two facilities were constructed by the private developer on University land, and are being leased to corporate or other entities for research and development operations. Planning for the research incubator has been funded by the State through the Governor’s VentureTECH program. In addition, the University has invested approximately $11.8 million 1st St. • 4th St. St. Mary’s Rd. Map Legend: Neil St. (Route 4 5) Existing Building Proposed Building Windsor Rd. = Illustrative of Proposed Master Plan for Expanded Public-Private Technology Development Zone Infrastructure for Economic Development | page 11 Lincoln Ave.
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