It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.Read More »
More than one year, two developers and a rezoning battle later, construction is finally underway on new Class A apartments in the Kenton Place mixed-use development on West Catawba Avenue. Kenton Place Partners LLC of Charleston, S.C., last Tuesday pulled nearly $3.5 million in Mecklenburg County building permits to start construction on a three-building, 210-unit complex, which is expected to build out at a cost of more than $25 million, according to Lance Youngquist, one of three partners behind the project.Read More »
Ever since the U.S. Supreme Court struck down a statutory provision banning the recognition of same-sex marriages for federal purposes in June, business owners and their attorneys have been awaiting guidance from federal agencies as to how that ruling would change rules governing everything from tax exemptions to employment medical leave.
Tagged with: U.S. Supreme CourtRead More »
Jim Lane is a man on a mission. The Huntersville resident wants to reform and improve homeowners associations, which he believes have run amok and are “too controlling of residents’ lives.” Lane said he’s petitioning all Charlotte area HOAs and homeowners to join his new organization, "Greater Charlotte Alliance of Homeowners Associations." Homeowners in disputes with their HOAs will get some relief from two laws passed by the N.C. General Assembly during this year’s session, one of which takes effect Oct. 1.Read More »
Businesses got a temporary reprieve in July when the Obama administration announced a yearlong delay in the enforcement of the federal requirement that employers provide health care coverage to workers or pay a fine. But even though the Affordable Care Act’s “shared responsibility” employer mandate — also known as the “pay or play” provision — won’t go into effect until January 2015, compliance will require businesses managers to make a host of complex decisions that will take a considerable amount of time. And the clock is already ticking.
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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.Read More »
The Cornelius Planning Board passed – again – on Barnhardt. But they said “yes” to beer. Meanwhile, Cornelius Mayor Lynette Rinker said she has not ruled out seeking a seat in the N.C. General Assembly.Read More »
It will take longer to build the new, $3.5 million diverging diamond interchange carrying Catawba Avenue over Interstate 77 at exit 28 -- two years -- but construction will also be less likely to disrupt traffic because most of the work will be limited to night.Read More »
Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall
The city’s Economic Development Committee last week made a decision that increased the likelihood of an ambitious $300 million film studio being built on the East Side. The committee, which includes Mayor Pro Tem Patrick Cannon and City Council members Warren Cooksey, David Howard, LaWana Mayfield, and James Mitchell, will recommend on Aug. 26 that the full City Council vote to enter into a memorandum of understanding with Studio Charlotte Development, starting exclusive negotiations with the company.
Tagged with: Eastland MallRead More »