Momentum - The Magazine for Virginia Tech Mechanical Engineering Vol. 3 No. 4 Winter 2018 | Page 13

firm Blackstone Group LP’s real estate fund. The land, commonly referred to as Oakville Trian-
gle, will be developed by Stonebridge.
“This is a great example of higher education, the public sector, and the private sector working
together to create jobs and new investment in Virginia,” said Del. Kirk Cox, speaker of Virgin-
ia’s House of Delegates. “Amazon and the new Virginia Tech Innovation Campus will ... solidify
Virginia’s position as the talent capital of the world.“
Del. Chris Jones, chairman of Virginia’s House Appropriations Committee, said Virginia
Tech’s team played a leading role in creating the broad higher education package that helped
Northern Virginia stand out among the localities trying to attract Amazon. “The Innovation
Campus is critical to building a pipeline of talent for the state’s growing technology economy,”
he added.
The Innovation Campus’s funding model also calls for private philanthropy, industry partner-
ships, research expenditures, and other revenue streams generated through innovative, shared
spaces on the campus.
“Research universities like Virginia
Tech have tremendous potential to
bring together students, researchers,
industry, and leading technology
professionals in new and creative
ways,” said Charlie Phlegar, Virginia
Tech’s vice president for advancement.
“We live in a fast-paced and demand-
ing world. To keep pace, universities
have to be willing to evolve. We
look forward to engaging the many
partners who will help us make the
Virginia Tech Innovation Campus a
transformative initiative.”
The
Virginia
Tech
Innovation
Campus will
triple the
university’s
footprint in
Northern
300,000sf of
Virginia. It academic/research &
will include: development facilities
"Today is a historic day for the
commonwealth. The Innovation
Campus will transform Virginia's
high-tech economy...it will benefit
educational institutions and
regions across the commonwealth"
Mark Warner, US Senator
250,000sf of space
dedicated to startups
& corporate facilities
MOMENTUM
FALL 2018
350,000sf available
for housing students
and faculty
PAGE 13
100,000sf of retail
and support spaces.