This document summarizes a Mayors Summit event featuring mayors and economic development leaders from Orange County towns. It includes brief highlights from each speaker, including the mayors of Chapel Hill, Pittsboro, Hillsborough, Cary, and Siler City who discussed developments, initiatives and priorities in their respective towns. The event was hosted by the Orange Chatham Association of REALTORS and aimed to inform realtors about economic trends across Orange County.

1. 2019 Mayors Summit

2. Mayor of Chapel Hill Mayor of Pittsboro Mayor of Hillsborough
Economic Director Carrboro Mayor Pro Tem Cary Mayor of Siler City

3. Welcome!
Randy Cox
Orange Chatham Association of REALTORS®
2019 President
#OCHAR’19

4. #OCHAR’19
May 3,
Governors Club,
7-10pm
Featuring:
Association Awards
Live Music
Food
Fun!
Get your tickets at:
1) Association Website
2) Eventbrite

5. Pam Hemminger,
Mayor of Chapel Hill

6. Chapel Hill

7. Supporting Innovation
“UNC’s commitment to innovation
combined with Chapel Hill’s college town
amenities sets us apart.”
UNC ≥ $2 billion in research annually
Launch Business Accelerator
• Cohort 11 underway
• 75 companies served so far
• 25 call Orange County home
• $20.6 million in annual revenues

8. Glen Lennox Phase 1b 107,486 sqf
office
Eastowne Medical Office Building
1
Caraway Village 600k – 837K Mixed
Use

9. North-South Bus Rapid
Transit
• 8.2 mile line
• Stretches from Eubanks Road to Southern Village
• Planning underway for mixed use, transit nodes
• Opportunities for future connections
Hillsborough and Chatham/Pittsboro

10. Come Explore Downtown Chapel Hill
Pints and Pitches
Sponsored by Chapel Hill Economic
Development
Back Bar – Top of the Hill
April 10th, May 8th, June 12th
Near & Far
International Festival
Plaza at 140 West
Franklin
April 28th, 1 – 5 p.m.

11. Annette Stone,
Economic and Community
Development, Carrboro

13. WELCOME FROM MAYOR LYDIA LAVELLE

25. PROGRESSIVE
FORWARD THINKING

27. Cindy Perry,
Mayor of Pittsboro

28. Tom Stevens,
Mayor of Hillsborough

29. Hillsborough

33. New Single Family Construction:
o Collins Ridge
o Waterstone Estates
o Forest Ridge & Fiori Hill
o Corbinton Commons (55+)
New Townhome Construction:
oCollins Ridge
oElfin’s Pond
o Waterstone Terraces/Harmony @
Waterstone
New Condo/Apartment Construction:
o515 Churton
oBellevue Mill
Housing Areas Still seeing an overwhelming demand for houses in the
Historic District and great home value growth on homes
located in West Hillsborough (Mill district) immediately
adjacent to the historic downtown.

34. Waterstone
Elfin Pond
Collins Ridge
Corbinton Commons
Bellvue Mill
515 Churton
Fiori Hill
Forest Ridge
Major Residential Developments in
Hillsborough

35. Hillsborough
Founded 1754
Area: 4.6 sq mi
Population (est) 8061 (2017: 7364)
Apartments: 994
Homes (SF/TH): 2,738
Total: 3,732
Under Construction

36. www.Hillsboroughnc.gov

38. Lori Bush,
Mayor Pro Tem of Cary

40. APRIL 2019
Cary, NC
168,080
Avg household income
Have internet access
Google Fiber City
AT&T High Speed Fiber
98%
Largest municipality in NC
2nd largest Town in US
7th
Median home value
$353,000
40
2nd oldest community in NC
18%
Median age over 55
61% of population have Bachelor degrees,
25% have graduate or professional degrees
61% & 25%
Population of Cary, NC
• 5th Best place to live in US
• 6th Safest City in the Nation
• 3rd Most Interconnected
• 4th Most Livable in Nation
• 3rd Best Real Estate Market
• Boomtown of 2016
• Best for Telecommuting
Jobs
• NRPA Gold Medal Award
Accolades
Location & Businesses
HQ: SAS, ABB, HCL, Lord,
Metlife, Cotton, Siemens Medical
Lowest property tax rate in Wake
$91,481 Property Tax

41. APRIL 2019
OUR CITIZENS
 Less than 10% born in Cary
 20% Born Outside USA
 60 nationalities
 8% Asian
 Engaged – Volunteers
 1000+ Teen Council members
 Thousands volunteer in
boards, commissions,
Spruce, feedback

42. APRIL 2019
CARY'S ECONOMY
 ROBUST!
 202 Jobs added 2018
 13,000 jobs added since 2007
 Unemployment 3%
 Lower than National Average (3.9%)
 Lower than State Average (3.5%)
 More come to work in Cary than
leave to work elsewhere

43. APRIL 2019
TOWN STATS & FINANCES
 2.4% annual growth
rate
 AAA Rated
 Moody’s
 Fitch
 Standard and Poor’s
 Debt:
 11% of Expenditures
 Below 15% ceiling

44. APRIL 2019
CAPITAL
BUDGET
 $1 Billion in
Projects
 398 Active Projects:
 59% Utilities
 21% Transportati
on
 9% Parks
 4% Downtown
 2% Fire
 5% Other

45. APRIL 2019
GREENWAYS
 40 years of building greenways!
 Over 80 miles of greenways
 White Oak Greenway:
 Now connects to ATT
 Final segment MacArthur
 Crabtree Creek Greenway:
 Morrisville completing
segment
 5 miles from Black Creek
Greenway to Davis Drive

46. APRIL 2019
EXCEPTIONAL STAFF
 CEO: Town Manager Sean R.
Stegall
 Become “the Local Government
that Doesn't Exist”
 Focus:
 Capital Planning
 Operational Efficiencies
 Over 1200 strong
 Steller ratings from citizens
 Keeping Cary great!

47. APRIL 2019
DECISIONS AND COUNCIL
 Future decisions:
 Infill and Redevelopment
 Driven by Citizens' vision for
2040
 Imagine Cary Community Plan
 Cary Council:
 90 years of experience
 Caring, dedicated,
knowledgeable

48. John Grimes,
Mayor of Siler City

50. James Trogdon III,
NC Secretary of Transportation
June 3, 2019
Member Event @
Chapel Hill Country Club
Featuring: