TECHNOLOGY PARK OAK FOREST SITE A Site Proposal to the Little Rock - PowerPoint PPT Presentation

TECHNOLOGY PARK OAK FOREST SITE A Site Proposal to the Little Rock Technology Park Authority Joel E. Anderson, Chancellor University of Arkansas at Little Rock October 9, 2013

Children’s Library 10 th and Madison • Residential area • Property was acquired

Oak Forest Technology Park Vision High-tech research campus located in a park-like setting that offers a livable, walkable, accessible, sustainable community for entrepreneurs and scientists to create the next generation of companies for the central Arkansas economy.

Oak Forest Site Research Features • Immediate proximity to research faculty, plus graduate and undergraduate students • Microscopes and Labs from Nanotechnology Center, Physics, Chemistry, Computer Science • Emerging Analytics Center (Big Data) • Supercomputing Center • Internet Access/AREON • Library Resources and Databases • Greenhouse

Oak Forest Site In-Kind Resources • Arkansas Small Business Technology Development Center • UALR Commercialization Office • College of Business (Marketing, Management, HR) • Department of Rhetoric & Writing (Technical Writing, Website Development) • Self-Generation Energy Plant • Conferencing and Meeting Arrangements • Parking Deck Sharing • Recreational and Fitness Facilities • Food Service Contracting • Campus Trolley Service

Oak Forest Site Support Features • Public Safety • Coleman Creek Greenway and Walking/Biking Trail • Cultural Events • Galleries • Active neighborhood associations committed to the continued development of University District • Central Arkansas Transit Service • Access to transportation corridors

Oak Forest Site Proposal: 21.9 acres • 10 Acres Immediately Available • Boundaries: • 24 th Street on the North • 27 th Street on the South • Fair Park Boulevard on the East • Coleman Creek on the West • In addition to the UALR Parking Lot, 56 residential properties are included. UALR owns 27 of those. Of the 29 privately owned properties, 20 are rental properties. Nine (9) are occupied by their owners.

UNIVERSITY AVE FAIR PARK BL UALR CURRENT CAMPUS

UNIVERSITY AVE PROPOSED TECH PARK LOCATION (21.9 ACRES) FAIR PARK BL PROPOSED TECH PARK SITE

PROPOSED TECH PARK LOCATION (21.9 ACRES) EXISTING SITE

PHASE PHASE II I (5.1 ACRES) (5.0 ACRES) PHASE PHASE III IV (6.0 ACRES) (5.0 ACRES) PARK (0.8 ACRES) PROPOSED DEVELOPMENT PHASING

PHASE I (1-5 years)

PHASE II (5-15 years)

PHASE III (15-25 years)

PHASE IV (25+years)

Goal A successful Little Rock Technology Park

University will sell its property: • If Federal guidelines are embraced and • Will volunteer to be single point of contact and facilitator

Conclusion: The Oak Forest Site • Is an attractive and realistic option • Can acquire land without use of eminent domain • Provides advantages to both management and tenants • Brings critical success factors