Triangle town recession proof?

September 6, 2009 8:40:49 AM PDT
One town in Wake County has been virtually unaffected by the economic struggles that most of the state has been dealing with."I knew we were doing well, but I didn't know we were doing better than everybody else," Morrisville Town Manager John Whitson said.

Morrisville barely encompasses seven square miles, but right now it's the epicenter of the county as far as residential building goes.

"Our building permits issued last year were greater than the year before by about 42 percent, I believe county wide they were down about 78 percent," Whitson said.

Whitley had no idea Wake County building permits were struggling that much, because in his town they're at an all time high.

"Well we certainly see it here; these buildings are going up quite fast," Morrisville Resident David Bond said.

Unlike most Wake County towns, Morrisville has no impact fees, which means it's cheaper to build.

And there are major plans to keep doing it, with the big vision being the town center.

A newly paved street will eventually be Morrisville's Main Street and over the next few years it will be transformed into downtown Morrisville.

"We're pretty excited about that we're hoping there's going to be some coffee shops and restaurants," Bond said.

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