Uncategorized

Category Archive Uncategorized

Stalled apartments in a huge Blue Line development are getting new life, fresh design | Charlotte Observer

A plan to build hundreds of apartments wrapped around a parking garage in uptown Charlotte has restarted with a new design on a prominent site adjacent to the Blue Line extension.

The project, by Levine Properties, was delayed after the developer decided to redesign the building last year, adding more floors and apartments. First announced in 2015, it was planned to be a wood-framed apartment, five floors tall with 254 units.

The building will now total 11 floors of steel and concrete, completely wrapping the parking garage, with 428 apartments. The amount of ground floor retail space, initially planned at 900 square feet, will now total 4,200 square feet, leaving room for more shops and restaurants.

"We’re really pleased," said Daniel Levine, CEO of Levine Properties. Architecture firm Perkins Eastman redesigned the building for Levine Properties. "We think it will be a far superior product."

Help us deliver journalism that makes a difference in our community.

Our journalism takes a lot of time, effort, and hard work to produce. If you read and enjoy our journalism, please consider subscribing today.

SUBSCRIBE TODAY

A rendering shows the entrance to the planned apartments on 10th Street by Levine Properties.

Perkins Eastman, courtesy Levine Properties

Completion of the building is now planned for early 2020.

The 1,300-space parking deck will be substantially complete in the next few weeks but won’t be able to open to the public until some of the demolition work and construction for the new apartment building is complete, Levine said.

"We still have a little bit of work to do," said Levine. The company still owns more than a dozen undeveloped acres in First Ward, and Levine said their next focus could be on a planned office building next to UNC Charlotte’s uptown campus. If there’s pre-leasing interest from tenants for the building, that could be the next place Levine starts construction.

"We have a lot of opportunity," he said. "It’s just a question of where the market wants to be."

A rendering shows the entrance to the planned apartments on 10th Street by Levine Properties.

Perkins Eastman, courtesy Levine Properties

Nearby, other projects are underway or planned soon, including a high-rise apartment tower by Lennar Multifamily. A public meeting is scheduled for Thursday to discuss the North Tryon Vision Plan, a design that should guide development along the northern stretch of uptown.

"I always thought First Ward would be a fantastic part of the city. It’s happening faster than I expected," said Levine.

Portillo: 704-358-5041

Source Article

Princess Charlotte Will Make History When Her New Royal Sibling Arrives

Princess Charlotte‘s position for the crown won’t be affected by the arrival of her potential little brother.

For the first time in history, a female royal’s spot in line to the throne won’t be bumped by the arrival of a male. Thanks to the Succession to the Crown Act 2013, birth order determines who will become the next king or queen of the U.K., regardless of gender. Had it not been in place, Charlotte, 2, would have lost her spot if Kate Middleton gave birth to a boy.

The legislation was first passed while Princess Kate was pregnant with Charlotte’s brother Prince George, now 4. It affects all royals born after Oct. 28, 2011, and also removed the disqualification placed on those arising from marriage to a Roman Catholic.

RELATED: The New Royal Baby Is Almost Here! Here’s Exactly How the News Will Be Announced

Currently, Prince Charles is the heir to the throne after his mother, Queen Elizabeth II. Prince William is second, with his kids Prince George and Prince Charlotte in the third and fourth positions, respectively.

Prince Harry, who is currently fifth in line, and Prince Andrew, Princess Beatrice and Princess Eugenie will all move down a place after the arrival of the new royal baby.

Of course, the sex of their baby-to-be is not yet known. The royal couple announced they were expecting baby No. 3 in September, and Princess Kate is expected to give birth within the next few weeks.

RELATED VIDEO: William and Kate Step Out for Easter Church Services

Meanwhile, having wrapped the final official engagement of her third pregnancy, Kate is officially on maternity leave and getting ready for a whole new chapter.

Though she stepped out with William for Easter service last Sunday, the 36-year-old is mostly nesting in Apartment 1A of Kensington Palace and helping her children adjust to the idea of a baby brother or sister.

Both kids are “excited” for the impending addition, a friend told PEOPLE while noting, “Charlotte, as the youngest, may find it hard.”

Kate “feels it’s an incredible privilege to be a mum,” added Peter Fonagy, head of the Anna Freud National Centre for Children and Families.

Source Article

Uptown Charlotte Blocks To Get Complete Makeover With Mixed-Use Project That Includes New Library

North Tryon between Sixth and Eighth streets is going to be completely transformed with a project called Seventh & Tryon, and Atlanta-based DaVinci Development Collaborative released a request for qualifications Wednesday.

A mixed-use public-private partnership has been proposed for 6.8 acres in Uptown as part of the North Tryon Vision Plan. Stakeholders are Charlotte Mecklenburg Library, Mecklenburg County, the city of Charlotte, Bank of America and the Charlotte Housing Authority.

A new library will be built as an anchor for the site. The plan also includes creative office spaces, residential space that will include senior housing, market-rate and diverse price-point housing, refurbishing historic Hall House into a boutique hotel, street-level restaurant and retail space, outdoor public spaces and parking. McGlohon Theatre, a historic landmark, will remain and must be built around. Spirit Square is slated for demolition. Duckworth’s Grill & Taphouse will remain.

The new project should breathe life into a section of Uptown that remains relatively quiet, Mecklenburg County assistant to the county manager Dennis LaCaria said.

“Today, if you look at it, the Hall House stands empty, the library is typically closed by 8. There’s not really much else going on there — a police substation; McGlohon Theatre has events.”

LaCaria said the new project will be at least a 12- to 18-hour development.

“Now we’re talking retail, sundries, a drugstore, where you can get a cup of coffee at 6 in the morning and a glass of wine at night.”

Questions regarding the RFQ are due by April 4 and deadline for submissions is 5 p.m. April 24. Selections will be announced May 21.

The project was previously named Sixth & Tryon; Mecklenburg County Commissioners announced the new name Tuesday.

Source Article

Apollo Commercial Real Estate Finance, Inc. Announces Pricing of Public Offering of Common Stock

Apollo Commercial Real Estate Finance, Inc. (the “Company”) (ARI) today announced the Company has priced an underwritten public offering of 13,500,000 shares of common stock for total estimated gross proceeds of approximately $243.0 million. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,025,000 shares of common stock. The offering is expected to close on March 16, 2018, and is subject to customary closing conditions.

ARI intends to use all or a portion of the net proceeds from the offering to acquire or originate the Company’s target assets, which include commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments, and for working capital and other general corporate purposes, including the repayment of borrowings outstanding under the Company’s repurchase agreements.

J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Citigroup and Deutsche Bank Securities are the joint book-running managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. The offering will be made by means of a preliminary prospectus supplement and accompanying prospectus. A copy of the final prospectus supplement and accompanying prospectus related to the offering can be obtained, when available, by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by calling 866-803-9204; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014; BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, Email: dg.prospectus_requests@baml.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling 800-831-9146; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, Phone: (800) 503-4611, Email:prospectus.cpdg@db.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial real estate mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC, a leading global alternative investment manager with approximately $248.9 billion of assets under management as of December 31, 2017.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Source Article

Beaming Charlotte Dawson puts on a leggy display in scarlet PVC trousers as she opens new carvery in Lancashire

She regularly slips her curvaceous physique into a number of glamorous ensembles.

So it’s no surprise Charlotte Dawson arrived in style to open the new Toby Carvery restaurant in her hometown of St Annes on Sea on Saturday afternoon.

The Ex On The Beach star, 23, put on a chic display in a pair of fiery red vinyl bottoms before donning full chef attire while serving food to excited guests.

Svelte pins: Charlotte Dawson arrived in style to open the new Toby Carvery restaurant in her hometown of St Annes on Sea on Saturday afternoon

The television personality mixed glamour with comfort as she paired her form-fitting trousers with an oversized jumper, embellished with fluffy grey stripes.

As she clutched onto a red bag, the reality star tied in her look with opulent tassel drop earrings.

The daughter of the late Les Dawson wore her raven mane in loose waves and opted for her signature glamorous makeup look.

Charlotte added to her height in a pair of nude patent stilettos before switching into traditional chef uniform.

The brunette beauty even served her mother Tracey, who appeared in high spirits as her daughter held a plate of Yorkshire puddings.

Beaming: The television personality, 23, mixed glamour with comfort as she paired her form-fitting trousers with an oversized jumper, embellished with fluffy grey stripes
On duty: The brunette beauty even served her mother Tracey, who appeared in high spirits as her daughter held a plate of Yorkshire puddings
Helping out: Charlotte donned traditional chef’s uniform as she presented food to the cameras
Stunning: The daughter of the late Les Dawson wore her raven mane in loose waves and opted for her signature glamorous makeup look

Charlotte recently rekindled her relationship with rugby player Matt Sarsfield, after the pair split just before Valentine’s Day last year.

The Manchester native reunited with him in October after spending eight months apart, which led to Charlotte’s appearance on Celebs Go Dating.

On the E4 show, she struck up a romance with shamed X Factor star Frankie Cocozza, yet their relationship was short-lived as Frankie soon moved on with another woman.

Smitten: Charlotte recently rekindled her relationship with rugby player Matt Sarsfield, after the pair split just before Valentine’s Day last year

Charlotte burst on to screens when she entered Ex On The Beach’s all-star fifth season as the ex-flame of Geordie Shore’s Gary “Gaz” Beadle.

She was seen growing closer to Celebrity Big Brother winner Stephen Bear before she unceremoniously dumped her in favour of Lillie Lexie Gregg.

However the star has since found love with her rugby beau, and regularly keeps her fans updated on their romance with a slew of loved-up snaps on Instagram.

Loved-up: The star has since found love with her rugby beau, and regularly keeps her fans updated on their romance with a slew of loved-up snaps on Instagram

Source Article

Beach girl! Charlotte McKinney sips on coconut as she steps out in sunny Malibu in jean shorts and flannel top

She was enjoying a day out in Malibu with pals.

And Charlotte McKinney looked every inch the beach girl as she sipped on her coconut drink while catching up with friends on Monday.

The model, 24, showcased her toned legs in a pair of frayed jean shorts as she wrapped up in a red flannel shirt, wide straw hat, and sunglasses.

Soaking up the sun! Charlotte McKinney looked every inch the beach girl as she sipped on her coconut drink while catching up with friends in Malibu on Monday

She wore her blonde locks down and hardly a stitch of makeup on her stunning complexion.

The low-key and summery look was finished off with a pair of worn white sneakers.

Charlotte also shared a snap from her sunny day out, posting an Instagram photo of herself kicking back on the beach barefoot in her bikini bottoms and flannel shirt as she sat alongside a friend.

‘We love a good Presidents’ Day,’ she captioned the photo.

Best tressed! She wore her blonde locks down and hardly a stitch of makeup on her stunning complexion

Charlotte first rose to prominence in Carl’s Jr’s All Natural Burger commercial in 2015, which was aired during the Superbowl.

She’s catapulted her career onto the big screen as well.

Charlotte’s appeared in Baywatch, Literally, Right Before Aaron, and the upcoming First We Take Brooklyn.

Life’s a beach! Charlotte also shared a snap from her sunny day out, posting an Instagram photo of herself kicking back on the beach barefoot in her bikini bottoms and flannel shirt as she sat alongside a friend

Source Article

‘She’s so sorry for the way she left’: I’m A Celebrity psychic Jackie Gillies discusses Charlotte Dawson’s suicide with ‘best friend’ Simone Holtznagel

She was left devastated when her Australia’s Next Top Model mentor Charlotte Dawson committed suicide in 2014 aged just 47.

And Simone Holtznagel became emotional once again when I’m A Celebrity psychic Jackie Gillies discussed the tragedy on Sunday night.

The 37-year-old claimed Charlotte wanted to tell Simone she was ‘so sorry for the way she left’, during an emotional reading.

‘She’s so sorry for the way she left’: I’m A Celebrity psychic Jackie Gillies discussed Charlotte Dawson’s suicide with the model mentor’s tearful ‘best friend’ Simone Holtznagel on Sunday’s I’m A Celebrity

‘She wrote a journal and in this journal, you are in it,’ Jackie told Simone. ‘She is also telling me you have a lot of anger as to why she did what she did.

‘And she’s telling me to tell you she had financial distress. She is telling me it all got too much for her. She is sorry with the way she left.’

Simone, 24, said Charlotte was ‘one was of my best friends’ and someone she was ‘very close’ to.

The Playboy model, who came third in the 2011 season of Australia’s Next Top Model, was called to identify Charlotte’s body following her tragic death in February 2014.

Tragedy: Simone, 24, was called to identify Charlotte’s body after the 47-year-old committed suicide in 2014 amid battles with depression (pictured in 2011)

Charlotte, who had been battling depression, died in her Sydney flat and was found by a real estate agent just moments before an auction for her apartment was due to take place.

Jackie said: ‘You’ve asked her to come to you and you want to know why she hasn’t just appeared to prove that she is around you.

‘She’s come to you in a dream 10 times. She says she doesn’t want to see you cry in the bed any more.

Awful: Jackie said: ‘She’s telling me to tell you she had financial distress. She is telling me it all got too much for her. She is sorry with the way she left’
Emotional: She added: ‘She says she doesn’t want to see you cry in the bed any more. She says when you do, she says that this is her touching her head, she loves you have much’

‘She says when you do, she says that this is her touching her head, she loves you have much.

‘I feel like I am going to cry. She says she misses you very much and she is sorry.’

Covering her face with her hands, Simone was overcome with emotion as she reflected on her friend’s death.

She later said she felt positive about the reading, claiming a lot of what Jackie had said rang true with her, and gave the psychic a warm hug.

Too much: Covering her face with her hands, Simone was overcome with emotion as she reflected on her friend’s death

Simone previously said she no longer felt ‘angry’ about Charlotte’s death and often surrounded herself with her mentor’s shoes and belonging that she gave to her before passing away.

‘I miss her… I am not angry any more, I just wish she was here,’ she told The Daily Telegraph.

Back in 2015, Simone claimed Charlotte’s ghost had been haunting her, telling the New Zealand Herald that the ghost had visited her three times.

‘It’s happened once at my grandma’s house, again when I moved into my place in LA and then just the other night in my hotel room in Amsterdam. It’s the most surreal thing that’s ever happened to me,’ she said.

Moving on: Simone previously said she no longer felt ‘angry’ about Charlotte’s death and often surrounded herself with her mentor’s shoes and belonging that she gave to her before passing away.

Source Article

Check Out These Dazzling Charlotte-Metro Homes On the Market

Charlotte Patch has pulled together a list of some of the most homes for sale on the market right now in the area. To view more photos of these homes, you can click on the blue hyperlink below each house.

Want to learn about what’s for sale in your neighborhood? You may find your own hidden treasure or bargain home on the Charlotte Real Estate page.

Here are this week’s picks for beautiful homes on the market in the area:

2000 Harris Rd, Charlotte, North Carolina

A gorgeous Low Country-style home is on the market in Myers Park for $1,980,000. This five-bedroom home is filled with luxurious touches, such as opulent moldings, fixtures, a gourmet kitchen, large walk-in closets, a nanny suite, a custom paneled office and more. This home sits on a lot almost an acre in size, and is close to Uptown and SouthPark.
Here’s what Realtor.com says:

Subscribe

2816 Whiting Ave, Charlotte, North Carolina

A three-bedroom 1920’s style Sears & Roebuck bungalow reproduction is on the market for $443,000. This home offers more than 2,400-square-feet of living space and is filled with plush features, such as hardwood flooring, custom lighting, a gas fireplace in the large living room, vaulted ceilings and more. The gourmet kitchen has maple mission styled cabinets with glass fronts, granite counters and stainless steel appliances. In the lower level, enjoy a large bonus recreational room with a bedroom and full bath. Outside features include a custom gas fire pit, carport with built-in storage and more.

13807 Hagers Ferry Rd, Huntersville, North Carolina

A gorgeous all-brick luxury estate home is on the market in Huntersville for $2.2 million. This seven-bedroom home boasts more than 7,700 square-feet of living space and sits on the bank of Lake Norman on more than 2 acres of secluded wooded property. Inside features include a dramatic two-story spiral staircase, a sauna, multiple jetted tubs, a wine tasting room, a home theater, an exercise room, as well as game, sewing and garden rooms. In the gourmet kitchen you’ll find dual stainless steel ovens, a Thermador gas range, granite counters, and a large eat-in island. The luxurious touches extend outside, with a lakeside chipping green, pier with a boat slip, koi pond, gazebo, fire pit, a secret garden and more.

103 College Dr, Davidson, North Carolina

A fixer-upper house in a prime location near Davidson College is on the market for $738,000. This four-bedroom traditional style brick home sits on almost an acre of land that offers plenty of privacy. Davidson amenities are close by, with just a one block walk to the college or two block walk to downtown. The property also features a beautiful log barn.

147 S Longfellow Ln, Mooresville, North Carolina

A plush Tudor-style estate home located in The Point community is on the market in Mooresville for $4,599,000. This five-bedroom home is filled with luxurious touches, from a gourmet European-style kitchen with double islands to a private veranda with a fireplace, bar and saltwater pool. The master suite includes a see through antique fireplace and a two-level closet. Interior finishes include gorgeous fixtures, a stone fireplace, sweeping views and more.

Photos courtesy of Realtor.com

Source Article

How Charlotte may have dodged a bullet with Amazon HQ2

A sigh of relief: That’s what some around Charlotte breathed last week, when Amazon announced the city didn’t make its shortlist for the massive second headquarters known as HQ2.

While local officials and economic developers have salivated over the 50,000 high-paying jobs and $5 billion worth of investment Amazon has said will bring to the chosen city, others worried about an Amazon-fueled boom driving up housing costs, increasing traffic, straining infrastructure and demanding expensive tax incentives.

“I’d call it a dodged bullet, frankly,” said Ray McKinnon, pastor at South Tryon Community United Methodist Church and a member of the Charlotte Housing Authority’s board of commissioners. “Charlotte hasn’t figured out already how we handle this crisis of housing. To add the headquarters of Amazon to the mix would, I think, just be too much, too soon.”

To be sure, forecasters don’t think the Charlotte region will stop growing, and short of a major economic crisis, housing prices aren’t likely to come down anytime soon. The region’s economy is growing and the number of houses and apartments remains extremely low. And Amazon isn’t the sole driver of breakneck growth in Seattle, which is also home to companies such as Microsoft, Starbucks and Costco.

Never miss a local story.

Sign up today for a free 30 day free trial of unlimited digital access.

SUBSCRIBE NOW

But skeptics point to the unintended consequences of Seattle’s building boom, including heavier traffic, rising taxes and property values that are becoming unaffordable. Amazon, Seattle’s largest employer, says it employs more than 40,000 people in the city. By comparison, Charlotte’s largest employer is Carolinas HealthCare, which has about 32,000 employees in the region.

Seattle named 20 cities finalists for HQ2, whittling down the original 238 applicants. Heavyweight cities such as New York, Los Angeles, Atlanta, Washington, D.C., Dallas, Boston and Chicago made the list, as well as smaller cities closer to Charlotte’s size, such as Columbus, Ohio; Austin, Tex.; Nashville, Tenn; Indianapolis and Raleigh.

The huge influx of well-paid young professionals to Seattle has helped revitalize the city and drive a construction boom, but it’s also led to plenty of complaints from local residents, who are glad the company is looking elsewhere for its next phase of growth.

“As we’re plainly choking on the population influxes we’re already experiencing, the company’s stated intention of increasing staffing outside of Seattle should actually be cause for relief,” reader Bruce Bonifaci wrote in a September editorial in the Seattle Times.

Charlotte’s buses were tricked out with messages to Amazon last year.

Diedra Laird dlaird@charlotteobserver.com

The city has topped lists for fastest-rising housing prices, jumping almost 13 percent from the prior year, according to S&P CoreLogic Case-Shiller. The Seattle Times reported the median sale price for a house in Seattle reached $725,000 in December, an increase of $90,000 in just a year. Rents jumped from $1,020 in 2010 to $1,647 in 2017, an increase of more than 60 percent, the Seattle Times reported, though rent dipped slightly last year.

The cost of housing has been rising in Charlotte, too, worsening an ongoing shortage of places where low-wage workers can afford to live. The median price for a home sold in Charlotte this December was $235,000, up $25,000 from December 2016. The city’s average rent hit $1,115, up 33 percent in the past five years.

McKinnon, the pastor, said that while Amazon could be good for Charlotte property values, he didn’t think the benefits from high-tech jobs would spread across the city.

“The jobs would not be jobs where folks who were already housing-distressed would benefit from, and it would drive up prices across the board,” said McKinnon, “even more displacing or pushing out folks who already can’t afford the housing now.”

Charlotte’s presentation to Amazon presented on the screen at the Amazon HQ2 Media Event at the UNC Charlotte Center City building last year.

Diedra Laird dlaird@charlotteobserver.com

An analysis from Apartment List, an online research service, showed that Charlotte rents could be “moderately impacted” by Amazon’s arrival, adding another 0.7 to 1 percent annual rent increase each year over the next decade, on top of the annual rent growth already occurring.

Raleigh, with a smaller stock of housing, would see even more dramatic increases, with rents rising 1.5 to 2 percent a year on top of existing increases if Amazon picks that city, according to the economic projection.

Other annoyances in Seattle tend to the more mundane, such as closures of beloved mom-and-pop stores and dive bars, or the minor, such as Amazon flooding the city with free bananas, having handed out 1.7 million near its headquarters over two years. The tech giant seems to be capable of exhausting a city’s transit system: Last summer, Seattle had to add two additional buses to accommodate all of Amazon’s interns, according to the Seattle Times.

But the challenges Amazon has presented in Seattle are “problems of success,” according to Brooking Institute fellow Adie Tomer.

In other words, Seattle has felt growing pains because its biggest employer is growing so fast. It’s not like the city is straining for resources because people are leaving.

“Challenges of success are definitely the preference to challenges of failure,” Tomer said.

The influence of a behemoth like Amazon is enough to boost the statewide economy through more jobs and investment from Amazon, meaning Charlotte could stand to benefit even if Raleigh lands the company’s second headquarters, Tomer added.

He also noted that now that Charlotte is off Amazon’s list of potential new homes, local leaders can use the millions in incentives they’d contemplated offering Amazon to instead reinvest in schools, workforce training, tech incubators and other areas that support the city’s growth.

“The bullet they’re all going to dodge is incentives,” Tomer said of Charlotte and other cities that didn’t make Amazon’s short list. Tax incentives are often criticized as corporate welfare, or for not paying off in the long run for the cities and states that use them to lure companies.

Professor and urban theorist Richard Florida wrote last week that Amazon is “pitting city against city in a wasteful and economically unproductive bidding war for tax and other incentives.”

Local leaders have not disclosed details of Charlotte’s bid, including where sites they offered Amazon are located, and how much tax incentive money Amazon could get. A representative from the Charlotte Regional Partnership, the 16-county group that submitted Charlotte’s bid, could not be reached for comment Monday.

Some other localities did: Newark, which did make Amazon’s short list, is offering more than $7 billion in state and local tax incentives.

Charlotte leaders must ask themselves the rhetorical question, Tomer said: “We have this much for incentives. Where else can we throw that money?”

Charlotte City Council member Tariq Bokhari, who helped lead a group called Hivestorm with the Carolina Fintech Hub to support the Amazon bid, said whichever city Amazon picks will have to deal with “painful day-to-day tactical decision-making to meet the needs of the new company.”

Whichever city that is, he said, will have to make sure it remains a good deal for taxpayers.

But, Bokhari added, landing Amazon “is game-changing enough that it’s worth taking on that pain.”

Ely Portillo: 704-358-5041, @ESPortillo

Source Article

The Best Way To Find CHARLOTTE Beach News

Are you from Charlotte Beach? Would you like to find out what is happening in this area? If you haven’t been there for a few weeks, you might be curious. It’s so easy to locate these websites that will post this information. It will be from news reporter said likely live there and report on this every day. The time that you spend looking for these websites can be minimized by simply searching for local news for Charlotte Beach. To find the best sources of this information, this information can be found on the web or in a local printed directory.

What Type Of News Of The Going To Post?

The information that they will post is going to range from news reports about sports events, or local Chamber of Commerce meetings. It will be wide ranging, and once you have found the websites that are giving you the best information, you can then bookmark that on to your browser. If they have an app, you can download bats you can see the latest news as it comes up. It will probably have alerts that will tell you when new information is posted. This will make it easy for you to find exactly what you want, and have it delivered in a timely manner.

Should You Use More Than One Site?

You should probably use more than one website. This will give you a wider range of things that are available. By the end of the day, you will know exactly where to get this information. It’s going to help you make the right choices. If you are able to search for a longer than a few minutes, you should have several different sources for this information. You may need to look a little longer to find the best sources of news. By the end of the week, you should have all of the best websites bookmarked.