The Evolution of the Megasite
Monday, May 23, 2022
Competing on a national and global scale for large economic development projects — and winning — is a sure sign of a community’s vitality. A community’s ability to position large-scale, shovel-ready land tracts for investment consideration exponentially increases its ability to secure desired jobs and capital investment at the local level.
For years, there has been a traditional understanding of megasite requirements. Originally created to meet the demands of the automotive OEM and allied industries, these sites were assumed to have consistent demands. Important factors have included fully contiguous land space; multimodal transportation, including access to rail; large-scale and redundant utility capacities; and the ability to accommodate massive square footage.