The diocese of Raleigh carries the following announcement about the project, as well as some additional media and resources. Here is an excerpt:
The Most Reverend Michael F. Burbidge announced Wednesday, September 7, 2011, the planned construction of a new Cathedral Campus for the Diocese of Raleigh. In making the official announcement, Bishop Burbidge said the proposed 2,000-seat Cathedral will be dedicated under the title, Holy Name of Jesus. The theme of the capital campaign is “Our Cathedral: One Faith, One People." The estimated cost of the proposed Cathedral Campus is $75 to $90 million.
Calling it a “monumental and historic moment in the life of the Catholic Diocese of Raleigh and the state of North Carolina,” Bishop Burbidge noted that the conceptual design includes the Cathedral, a two-story Gathering Hall and a three-story ground level and below-ground parking facility. To date, the planned project has received $10 million in pledges from a small group of donors in a short period of time.
The proposed Cathedral Campus will be located on a 39-acre tract of land adjacent to Western Boulevard and Centennial Parkway that has historical significance for the Catholic Church in North Carolina. The property is what remains of 400 acres purchased in 1897 by Father Thomas F. Price, the “Tar Heel Apostle” and first native North Carolinian to be ordained a Catholic priest. In 1899, Father Price established an orphanage on the site known as the “Nazareth Community.” The site currently houses the Catholic Center administration building and a smaller office building.
[...]
In July 2011, after careful review of the work of the Steering Committee and following consultation with local civic and business leaders about possible sites in downtown Raleigh where the proposed Cathedral Campus could be located, Bishop Burbidge accepted the recommendation of the Steering Committee to proceed with the planned construction on the Nazareth site, already owned by the Diocese of Raleigh. The Diocese has contracted with Washington, D.C., architect Mr. James McCrery to develop the Cathedral design and to propose the most effective utilization of the land for the Gathering Hall, parking facilities and possible additional development of the site. Groundbreaking for the new Cathedral Campus is anticipated to take place in mid-2013.
Upon dedication of the new Cathedral, Sacred Heart Church will be retained and honored as the first church designated to be the Cathedral for the Diocese of Raleigh. Sacred Heart will continue to serve as a vibrant part of the sacramental life of the Diocese, with a regular Mass schedule, small weddings, funerals, and other liturgical and private prayer.