Seem to remember there was a site in Carse which was investigated by Caley as an alternative, pre-merger.
Although developed now, it's never been a major retail site and may have been an ideal stadium for Caley had they decided to apply for entry to the Scottish League without merging, with room for expansion and, most important of all, so close to Telford Street Park that nobody would have really noticed any difference in travelling distance.
I wonder if there would have been sufficient room for expansion on that site, as there is little doubt that had Caley gone for it on there own back then, they'd be in a similar position to ICT today.
But hey, let's not start any merger controversy!