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Author Archives: Payton Guion, staff writer

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Gold Line misses grant, city mulling other options (access required)

Gold Line misses grant, city mulling other options <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

City officials have begun looking at possible alternative options for funding its Gold Line streetcar expansion project, but have not given up on receiving a federal grant. Last week, the U.S. Department of Transportation handed down the list of recipients of $474 million in federal money for transportation projects nationwide.

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Millions of homeowners remain underwater on mortgages (access required)

As of Sept. 1, 10.7 million residential homeowners in the U.S. are deeply underwater on their mortgages and another 8.3 million homeowners are just about staying afloat. According to a report released on Wednesday by RealtyTrac, an Irvine, Calif.-based real estate analytics firm, the 10.7 million homeowners who are deeply underwater to begin this month – meaning they owe 25 percent or more on their mortgage than what their home is worth – is down from the 11.3 million deeply underwater homeowners reported in May.

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NoDa mill nears finishing stage: New developer is ready to start work at Mecklenburg Mill (access required)

NoDa mill nears finishing stage: New developer is ready to start work at Mecklenburg Mill <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

A Boston-based nonprofit developer is planning to start renovations on a historic textile mill within a month, after a years-long effort by the city of Charlotte to convert the building into affordable apartments.

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ACTION ITEMS: Monroe clarifies locations for charity collection boxes (access required)

ACTION ITEMS: Monroe clarifies locations for charity collection boxes <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

No longer are charities or nonprofit companies allowed to place collection boxes randomly across the city of Monroe. These boxes are often seen in parking lots or at churches, and are used to collect donations from the public.

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Deconstructing economic theory: Construction activity up in Charlotte despite sluggish economy (access required)

Deconstructing economic theory: Construction activity up in Charlotte despite sluggish economy <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Traditional economic theory says people follow jobs. In the Queen City over the last four to five years, however, jobs have either decreased or remained relatively stagnant while the city continues to attract migrants, said Bill Graves, assistant professor of economic geography at the University of North Carolina at Charlotte.

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Rain delay: Unusually high rainfall this summer has set back area construction (access required)

Rain delay: Unusually high rainfall this summer has set back area construction <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Heavy precipitation has left contractors and developers in the area wringing out their plans and looking for ways to get back on schedule. This summer, the Piedmont of the Carolinas has seen between 150 and 200 percent of its typical rainfall

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