Updates

UPCOMING PROJECT PHASES

FINANCIAL ANALYSIS PHASE

Spring/Fall 2025

The Greene Tract jurisdictional partners (Orange County/Town of Carrboro/Town of Chapel Hill) will work with UNC School of Government's Development Finance Initiative (DFI) to determine the financial needs and feasibility of the project. DFI will provide pre-development services, including:

• Conducting a financial feasibility analysis on the adopted Master Plan;
• Determining the scale of public investment required, at varying levels of affordability, to achieve public interests;
• Marketing the project to qualified private developer(s); and
• Supporting the Greene Tract jurisdictional partners throughout the process of working with a private developer(s), who will eventually construct the project.

DEVELOPMENT ENTITLEMENT PHASE

Spring 2025

This phase of the project will include any approvals needed from the Planning Commission, Zoning Administrator, or Town Council that is required by the planning code before a project may secure a building permit.

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