Fitch Ratings said it has affirmed an ‘A+’ rating for Charlotte/Douglas International Airport’s $586 million in revenue bonds. Fitch also gave the bonds a “stable” outlook. Among other things, the A+ rating stems from the airport’s “outstanding financial performance” and its “affordable and prudently managed” capital program, Fitch said.
It was a cautionary victory for Charlotte’s cabbies. On Monday, the City Council decided to defer a vote on a proposal that would reduce the number drivers and taxicab companies that service Charlotte/Douglas International Airport from 12 to three. But the council was quick to warn the drivers that while the deferment of the vote [...]
When Charlotte officials are marketing the city, Charlotte/Douglas International Airport is usually one of the top features touted as helping boost economic development and tourism in the region. While airports in bigger cities, such as Atlanta, Chicago, Dallas and Los Angeles, handle more flights and passengers, Charlotte/Douglas continues to expand its operations, including a runway [...]
A union representing Charlotte’s taxicab drivers wants the city to seek an investigation of the Greater Charlotte Hospitality and Tourism Alliance by the FBI or the State Bureau of Investigation. Randy Conrad, organizer for Teamsters Local 71, told the Charlotte Passenger Vehicles for Hire Board today that cab company owners have been “shook down for money” [...]
In a move to reach a compromise between Charlotte taxicab drivers and cab companies, a city committee wants to ask another committee to consider eliminating a city requirement that forces drivers to contract with taxicab companies in order to work in Charlotte. The Passenger Vehicles for Hire committee’s request first has to be approved by [...]
While the winter storm that blew into Charlotte Monday morning shut down much of the city for the past few days, many local hotels saw a boost in business. As Charlotte/Douglas International Airport cancelled hundreds of flights, many travelers were stuck in Charlotte and had to get rooms or extend their stay, said Mohammad Jenatian, [...]
In 2010, 18 companies opened new offices, headquarters or facilities in Mecklenburg County, according to the Charlotte Regional Partnership’s By the Numbers report. Here are profiles of four businesses that decided Mecklenburg is the right spot for them to put down roots. Building on a sense of community No ground has been broken yet, but [...]
When Brandon Bethards was looking in July for a location for the new Babcock & Wilcox corporate headquarters, he considered Atlanta; Washington, D.C.; and Chicago, among other cities. Examining the locales, Bethards, the company’s CEO, considered where his employees would have to travel. The company has offices and facilities in Virginia, Tennessee, Ohio, Indiana and [...]
The American dream for Charlotte’s taxicab drivers has turned into a nightmare. That’s according to St. Louis attorney Mark Goodman, who made the comment in a Nov. 17 letter to assistant city attorney Leila Lahbabi, who represents Charlotte/Douglas International Airport. It’s part of the ongoing fight by the city’s taxicab drivers over new rules that [...]
Renee Robbins loved her home along Belmeade Green Drive in Charlotte when she moved in more than eight years ago. But now, she said it’s a constant headache. Robbins is among homeowners in the Belmeade Green, Moores Chapel, Wildwood and Wilson Glen neighborhoods who say their homes are losing value because of noise caused by [...]