Recently, the town of Chapel Hill has undertaken projects to encourage more business and boost the local economy.
Chapel Hill has worked to bring more businesses to downtown. The town sold its parking deck on West Franklin Street to allow for a $55 million development project called 140 West. The goal was to revitalize downtown business and the project was completed in 2013.
The town has also approved the development of the properties in formerly-named University Square, located at 123 W. Franklin St. The project will provide 300 residential units along with 580,000 square feet of mixed use space.