The unique opportunities for the study of baryon spectroscopy at the TRIUMF KAON Factory are outlined. Related issues in other areas of hadron spectroscopy are discussed. The complex of accelerators that comprise the TRIUMF KAON Factory, and the properties of the separated beams that will be available to experimenters, are described. Initial design considerations for detectors to be used in the study of hadron spectroscopy are presented, along with a proposed detector configuration. The progress towards realization of the TRIUMF KAON Factory is examined, and the timetable for the determination of the initial experimental programme and facilities is explained. 23 refs., 4 figs., 5 tabs.