by Sam Hieb
Downtown Winston-Salem Partnership announces more than $1.2 billion in downtown investment since 2000:
The nonprofit group listed 88 downtown investment projects since 2000 that have either been completed, are under way or for which a firm commitment has been made.
The combined capital investment value is $1.23 billion, topped by the $106 million spent on Wake Forest BioTech Place and the $100 million commitment by Wake Forest Baptist Medical Center toward a major medical education facility. Both buildings are in Wake Forest Innovation Quarter.
The investment is divided into eight categories: health and technology (eight projects, total $445.4 million); infrastructure (10 projects, total $188.4 million); institutional and public development (15 projects, total $181.6 million); residential (15 projects, total $140 million); multiple use (eight projects, total $95.1 million); office (five projects, total $88.4 million); arts and entertainment (five projects, total $50.3 million); and commercial (22 projects, total $42.2 million).
Fair enough the report does break down the investments into categories, but it’s still signifivant to note how much of that investment is taxpayer subsidized —-notably BB&T Ballpark, Winston-Salem’s downtown baseball stadium.