Forsyth County commissioners will hold a public hearing at 6 p.m. Sept. 13 on a multimillion-dollar incentives package for Wake Forest University Health Sciences.
Yesterday's notice in the Winston-Salem Journal is the latest development involving building a four-lane road through the middle of the Piedmont Triad Research Park.
Officials have estimated that it would take $8 million to build the public road, with half of the money coming from state tax dollars and the other half from local sources.
The city of Winston-Salem plans to chip in $2.8 million of the money that was repaid by Dell Inc. in the form of returned incentives. The city will hold its public hearing at 7 p.m. Tuesday.
Another $1.2 million will come from an economic-development fund that gets its money from operations of the City-County Utilities Division. The city and county must both approve expenditures from that fund.
Greg Turner, an assistant city manager for Winston-Salem, said the state grant has already been approved.
Construction could start in six months.
The road will also help relieve congestion when work eventually starts on a one-mile upgrade of Business 40 downtown.
The new road, Research Parkway, will stretch from Stadium Drive north to Third Street, where it will connect with Linden Street. Linden goes north with four lanes to Martin Luther King Jr. Drive. On the way, it will pass under Business 40, near the railroad tracks by U.S. 52.
The research park, controlled by Wake Forest University, will be responsible for actually bidding out and overseeing construction of the road.
Doug Edgeton, the president of the research park, said on Aug. 26 that he hopes construction can start early next year. According to estimates, Edgeton said, it will take about 18 months for the road to be built.
"Our plan is to put in a pedestrian-friendly boulevard through that area" along the new road, Edgeton said.
rcraver@wsjournal.com
727-7376
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