Business

New outlet mall in Charlotte will open in July

March 10, 2014

(The Charlotte Observer)

Charlotte Premium Outlets in southwest Charlotte is expected to open in July. The joint venture between Tanger Factory Outlet Centers and Simon Property Group will have 400,000 square feet or retail space and about 90 tenants.

Judge rules Duke Energy must stop groundwater pollution

March 7, 2014

(The News & Observer, Raleigh)

A Wake County Superior Court judge ruled that Duke Energy must immediately stop pollution from its coal-ash ponds in areas where groundwater contamination exceeds state standards, reversing an earlier decision by the Environmental Management Commission. The Charlotte-based utility could appeal the decision to the N.C. Court of Appeals.

Red Ventures moving 280 jobs to Charlotte area

March 7, 2014

(The Charlotte Observer)

Red Ventures says it will move 280 jobs to its headquarters site in Indian Land, S.C. and Charlotte. The marketing-services company will close its operations in San Antonio and Miami in an effort to move all employees closer together. All but 55 of the affected employees will be offered the opportunity to relocate to the Charlotte area.

Asheville's first craft brewery planning to expand

March 7, 2014

(Asheville Citizen-Times)

Highland Brewing Co. is planning a major expansion that will increase the Asheville brewer's production by more than 50%. Highland is considering issuing industrial development bonds to fund the project, which would boost production from 38,000 to between 60,000 and 65,000 barrels of beer annually.

Raleigh sends team to South by Southwest

March 7, 2014

(The News & Observer, Raleigh)

Raleigh's mayor and a team of economic developers are going to South by Southwest, the arts and innovation festival held annually in Austin, Texas. The city will host a booth and leaders will hold a series of meetings to promote Raleigh as a technology hub. 

Movie studio project for Charlotte's Eastland Mall site in jeopardy

March 7, 2014

(The Charlotte Observer)

Although a formal decision has not been made, it appears the Charlotte City Council will not to extend developer Bert Hesse's exclusive window to make a deal with the city regarding the Eastland Mall site. Hesse wanted to develop the site into movie studios, but council members say he has produced little information about the project's financing.

Cold weather boosts Piedmont Gas earnings

March 7, 2014

(The Charlotte Observer)

Charlotte-based Piedmont Natural Gas reported net income of $97.6 million for the first quarter, almost 14% higher than the same period a year ago. Total revenue for the quarter was up 28% to $657 million.

Hendersonville must decide on future for hosiery mill property

March 7, 2014

(Hendersonville Times-News)

A tax credit for potential developers of the Grey Hosiery Mill property in Hendersonville will expire later this year, forcing city council members to make a decision on the future of the historic property.

Charlotte says Orr responsible for parking rate increase at Charlotte Douglas

March 6, 2014

(The Charlotte Observer)

A report from the Charlotte city manager's office says the city had to increase parking rates at Charlotte Douglas International Airport because former Aviation Director Jerry Orr did not plan for expenses associated with tearing down old parking decks. The airport began raising parking rates by 40% to 50% last month.

NAACP protests closing of Vidant Pungo Hospital

March 6, 2014

(The News & Observer, Raleigh)

The NAACP is protesting Greenville-based Vidant Health's decision to close its rural hospital in Belhaven. Vidant Pungo, scheduled to close on April 1, is the only emergency-care provider in the area and serves 25,000 people. Vidant says its decision was based on the state's refusal to expand Medicaid.