Ryland Homes last week said it has acquired 32 new home sites in two neighborhoods at The Palisades, a master-planned community off Highway 49 in southwest Charlotte on the shore of Lake Wylie. Beth Payan of Larry Vershel Communications said Calabasas, Calif.-based Ryland plans to build new single-family homes from $230,000 to $240,000 apiece. Payan did not know [...]
Charlotte’s next big competitor for skilled workers might be coming from deep in the heart of Texas. When it comes to cities economic developers here are paying attention to, Austin, more than 1,100 miles away, is on the list as the Queen City tries to lure skilled workers. But going head to head with Austin [...]
McGuireWoods said it has added four partners to its debt-finance practice group in Charlotte. The law firm said Eric Burk, Jim Hedrick, David Lapp and Kent Walker, from the Charlotte office of Winston & Strawn LLP, will represent clients in a variety of syndicated finance and corporate lending matters. The company has also announced that [...]
Duke Energy Corp. today said it plans to build another wind farm in Kansas. Duke Energy Renewables, a commercial business unit of Charlotte-based Duke, will build, own and operate the 131-megawatt Cimarron II Windpower Project in Gray County, approximately 200 miles west of Wichita. Duke said it purchased the project from Silver Spring, Md.-based CPV Renewable [...]
Duke Energy Carolinas today said it has requested approval from the North Carolina Utilities Commission to increase electric rates. When factoring in the company’s residential and commercial customers, it would mean an increase of about 15 percent. The Charlotte-based company said it wants to increase rates by approximately $646 million, adding that the need to pay [...]
Duke Energy Corp. said it will remain the title sponsor of Blumenthal Performing Arts Center’s Broadway Lights series for the 2011-12 and 2012-13 seasons. “The Broadway Lights series brings world-class programming to our community and is a prime example of how cultural arts enriches and shapes the economic development and growth of our region,” said [...]
Duke Energy Corp. said it will pay a quarterly cash dividend on its common stock of 25 cents a share, an increase of half a cent over the previous dividend. The dividend is payable Sept. 16 to shareholders of record at the close of business Aug. 12.
In 2002, Mount Holly citizens began meeting to work on ways to revitalize their downtown district. Lee Beatty, a family physician and a community leader, said people were wondering how to connect the town to the Catawba River, which is less than four-tenths of a mile from downtown Mount Holly. “There’s hardly any town that [...]
ReVenture Park’s plan to burn Mecklenburg County’s trash to produce electricity has gone up in flames. In a city that’s trying to diversify its economy from one focused mostly on banking, the loss of a project that would have generated energy in a new way could be seen as setback. To some, it is. To [...]
Duke Energy Corp. said today that it plans to work with American Electric Power to develop a $275 million, 55-mile, extra-high-voltage transmission project with the Tennessee Valley Authority in Indiana and Kentucky. Duke and AEP have formed a joint venture, Pioneer Transmission, that plans to build a 765-kilovolt transmission line connecting AEP’s Rockport Station east of Evansville, Ind., with TVA’s Paradise [...]