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Heavy traffic can put the brakes on increases in home values (access required)

By Caitlin Coakley, staff writer
Published: January 21,2011

Being on a busy street is fantastic if your property is a business looking for customers. But for a homeowner like Willie Mae Gory, who lives on busy West Boulevard in Charlotte, the experience can be frustrating. “I have some trouble getting out of my driveway because I have to sit and wait for a [...]


Panelists recommend buses and streetcars, not light rail, for Independence Boulevard

By Caitlin Coakley, staff writer
Published: January 14,2011

For Independence Boulevard, light rail is out. Streetcars and bus rapid transit are in. Those were the recommendations from Urban Land Institute representatives during a presentation in Charlotte City Council chambers today. John Sedlak, one of the panelists from ULI’s Daniel Rose Center for Public Leadership in Land Use, said that in addition to its expense, [...]


Businesses mixed on I-485 project impact (access required)

By Caitlin Coakley, staff writer
Published: January 14,2011

In an area where much of the business development is clustered near the highways, The Shoppes at Highland Creek shopping center, at the intersection of Prosperity Church and Ridge roads in north Charlotte, is somewhat off the beaten path. Four miles from the nearest Interstate 85 exits to the east and four miles to the [...]


Meck’s revaluation manager brings economics expertise to job (access required)

By Caitlin Coakley, staff writer
Published: January 14,2011

Chuck Hicks and his property revaluation team have borne the brunt of scrutiny from skeptical Mecklenburg County homeowners. But his philosophy is more in line with an anti-tax tea-partier than a government fat cat. “I feel badly that we’re party of a system that takes money from people,” Hicks said. “But that’s just the way [...]


Foxx: Consolidation could ease budget woes

By Caitlin Coakley, staff writer
Published: January 7,2011

Charlotte Mayor Anthony Foxx addressed the budget challenges he expects in 2011 and his plans to deal with them in a media briefing Friday morning. In the first quarter of 2011, Foxx said he plans to have a conversation among regional leaders, including representatives from Mecklenburg County and its surrounding towns, about a proposed consolidation [...]


Government officials defend grants for expanding businesses (access required)

By Caitlin Coakley, staff writer
Published: January 7,2011

You have to spend money to make money. Such seems to be the logic behind the Business Investment Program, in which Mecklenburg County, usually in conjunction with the city of Charlotte, awards grants to businesses building new facilities in the county. The grants function like a tax rebate. The company signs a contract agreeing to [...]


Goodwill donations lag need to fund job-training services (access required)

By Caitlin Coakley, staff writer
Published: January 7,2011

When the last donation was dropped off the night of Dec. 31, the number of donations made to Goodwill Industries of the Southern Piedmont was up 7.9 percent over 2009. Donations in the last week of the year accounted for about 3 percent of those, as people rushed to get their donations — such as [...]


The sound and the fury (access required)

By Caitlin Coakley, staff writer
Published: January 4,2011

Brad Scorse and his business partner, Kevin Marcuce, are in a tough position. The two opened their restaurant, Kennedy’s Premium Bar and Grill, in the Elizabeth neighborhood at the corner of Caswell and Seventh Street Nov. 4, and now they’re caught in the middle of a firestorm that started long before they moved in. Residents [...]


Bank of America reaches agreement over Countrywide loans

By Caitlin Coakley, staff writer
Published: January 3,2011

Bank of America said Monday it has reached an agreement with Fannie Mae and Freddie Mac over bad residential mortgage loans sold to them by Countrywide Financial Corp. As part of the agreement, Bank of America made a $1.28 billion cash payment to Freddie Mac and a $1.34 billion payment to Fannie Mae Friday. Bank [...]


NC needs full-time legislators to handle complicated matters

By Caitlin Coakley, staff writer
Published: December 30,2010

RALEIGH — By the time she’d finished, some of those watching had concluded that Gov. Beverly Perdue was out-Republicaning the Republicans. Perdue, speaking to new House members, touted her proposals to reorganize and streamline state government and called on legislators to do some streamlining of their own. On one score, her call to action wasn’t [...]