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• Reimbursement to Castle & Cooke for fronting funds for NCRC Phase 1 infrastructure — $63M • Reimbursement to city of Kannapolis for fronting funds (via temporary loans) for NCRC Phase 1 in- frastructure including numerous waterline replace- ment projects throughout downtown Kannapolis — $2.98M • Improvements to Veterans Park — $397,000 • NCRC interstate signage — $90,000 • Final pavement of N. Main St — $130,000 • 8th St storm water line — $834,000 • Completion of NCRC Phase I streets — $360,000 • Economic development investment (NCRC Phase IIA) — $4.2 M The atrium of the David H. Murdoch Core Laboratory building has a fruit and vegetable therned fresco painted wither its dome. The painted lettuce is 11 feet long and the pine- apple is 18 feet long. It took artists nearly two months of painting 12 -15 hours a day for 7 days a week. The lobby is lined with over 250,000 pounds of marble imported from Camera, Italy. k J:_ seamlessly flow into the existing downtown, affection- ately named Cannon Village. A pedestrian tunnel is be- ing built under an existing five -lane thoroughfare con- necting the campus to the city's downtown Village Park and its greenway system. The residential component of the NCRC will include apartments above retail. On the other end of the de- velopment, townhomes and condos will be built. This residential component will extend from the campus' main footprint and flow into the existing residential mill village that surrounds the downtown. The original total cost of campus infrastructure was projected to be $273 million, excluding about $175 million for the parking decks, some of which will be taxable private property. The original TIF package included two public parking decks, roads, water /sew- er lines, parks, six miles of greenways, 13 intersection improvements, side- walks, bike lanes, streetscapes, and oth- er projects related to creating a strong sense of place around the campus. The details of the economic development invest- ment are to be worked out but will almost certainly be tied to job creation and will be designed to encourage private sector investment. The city's role will likely be to provide additional public infrastructure associated with additional campus growth. There are a number of op- tions being considered. From the outset, the NCRC was designed to be a live, work, play environment. The redevelopment plans include five parks, one of which will be a seven -acre courtyard in the heart of the campus. The campus will The details of the economic development investment are to be worked out but will almost certainly be tied to job creation and will be designed to encourage private sector investment. The city's role will likely be to provide ad- ditional public infrastructure associated with additional campus growth. There are a number of options being considered. Major intersections and corridors in and around downtown will be improved as the NCRC continues to develop. Roads will be widened, turn lanes added, and traffic lights will be upgraded. From the start, there were 24 total projects related to roads, stretching from the core of the campus to the main arteries throughout the city. These road and traffic improvements are criti- cal to support the estimated 50,000 additional vehicles per day projected around the downtown area when the campus is completed. The busiest highway in and around downtown Kannapolis currently carries far less than 20,000 vehicles per day. Roads and streetscapes will also be completed on campus. One project includes widening one of the main entry points to the campus, NC Highway 3, to Kan - napolis Parkway and Interstate 85. The North Carolina Department of Transportation has committed funds to this project as a means to support the redevelopment 42 Economic Development JournaI / Spring 2011 /Volume 10 / Number2 1 -1 Attachment number 1 Page 602 The David H. Murdoch Core Laboratory building is crowned with a dorne that is 19 feet high and 38 feet in diameter, and it offers the best views of the city.