Charlotte

Lawyer representing DENR in coal-ash case worked with Duke before

March 25, 2014

(The News & Observer, Raleigh)

The lawyer hired to represent the N.C. Department of Environment and Natural Resources during a federal investigation of the agency's regulation of Charlotte-based Duke Energy's coal-ash storage previously represented Duke in a 2004 federal investigation. 

Charlotte apartment construction at all-time high

March 24, 2014

(The Charlotte Observer)

Apartment construction in Charlotte has reached an all-time high, with more than 10,000 units under construction and another 11,000 units proposed.

Charlotte considers $72 million indoor-sports complex

March 24, 2014

(The Charlotte Observer)

A Sarasota, Fla.-based developer has proposed a $72 million hotel and indoor-sports complex near Bojangles' Coliseum in east Charlotte. The city is considering an upfront payment of $18 million and a $1 per year lease for GoodSports, which would host indoor youth sports tournaments.

New transit station for downtown Charlotte still on hold

March 24, 2014

(The Charlotte Observer)

After a decade of planning, the N.C. Department of Transportation still has not secured enough money to pay for construction of a $150 million project that would include a new, modern transit hub in downtown Charlotte.

DesignLine's Glosson was behind failed venture with Carolinas HealthCare System

March 24, 2014

(The Charlotte Observer)

The man behind Charlotte-based DesignLine, the hybrid-bus maker that filed for bankruptcy protection last year causing investors to lose more than $30 million, previously led another failed venture in which he partnered with Carolinas HealthCare System.

DENR drops settlement with Duke in coal-ash lawsuits

March 24, 2014

(The News & Observer, Raleigh)

The N.C. Department of Environment and Natural Resources withdrew a proposed settlement with Duke Energy in two lawsuits filed over pollution at the company's coal-ash storage sites in Asheville and Gaston County. The settlement would have fined the Charlotte-based utility $99,000 and would not have required the coal ash to be moved.

Bobcats ask Charlotte for $41.9 million for arena upgrades

March 21, 2014

(The Charlotte Observer)

The Charlotte Bobcats and the Charlotte Regional Visitors Authority, which co-manage city-owned Time Warner Cable Arena, have asked Charlotte for $41.9 million for improvements to the 8-year-old stadium. The request includes relocating the ticket office and restaurant and suite renovations.

Charlotte agreement with Hesse, Studio Charlotte is off

March 21, 2014

(The Charlotte Observer)

Charlotte City Council voted unanimously not to extend its exclusivity agreement with Studio Charlotte Development to develop a proposed movie studio, retail and office complex at the site of the former Eastland Mall. Studio Charlotte's Bert Hesse said he needed more time to see whether the state General Assembly would renew the film tax credit when it reconvenes in May.

Report says Bank of America to cut more jobs

March 20, 2014

(The Charlotte Observer)

Bloomberg reported that Bank of America is cutting jobs in its global trading and investment banking units, though the Charlotte-based bank would not confirm the report. While some of the bank's employees in those divisions are based in Charlotte, most are in New York.

Charlotte's Lincoln Harris to examine redeveloping Golf Links property

March 20, 2014

(The Charlotte Observer)

The Rea family, which owns the 187-acre land where Charlotte Golf Links operated until it was shut down last week, has asked Charlotte-based real-estate development firm Lincoln Harris to study the property for possible redevelopment.

Charlotte political pioneer Liz Hair dies at 94

March 20, 2014

(The Charlotte Observer)

Elisabeth Green Hair, the first woman to be elected chair of the Mecklenburg County Board of Commissioners, died at her home on Wednesday. She was 94. 

Banks complete consumer-relief requirement in mortgage settlement

March 19, 2014

(The Charlotte Observer)

Bank of America and Wells Fargo have completed homeowner-relief obligations required of the banks as part of a 2012 legal settlement involving five mortgage servicers. Bank of America said it helped 300,000 customers through principal forgiveness, refinancing and short sales.  

Two Charlotte groups submit pitches for new brewery

March 19, 2014

(The Charlotte Observer)

Both the Charlotte Chamber and the Charlotte Regional Partnership submitted proposals for Escondido, Calif.-based Stone Brewing Co. to build a new East Coast brewery that would create an estimated 370 jobs. Other N.C. cities reported to be pursuing the brewery are Asheville, Greensboro and Wilmington.

Pay for Wells Fargo CEO stays the same in 2013

March 19, 2014

(The Charlotte Observer)

San Francisco-based Wells Fargo CEO John Stumpf earned $19.3 million in 2013, the same as the year before. Stumpf's salary was still higher than that of Charlotte-based Bank of America CEO Brian Moynihan, who earned $14 million in 2013.

Franklin Graham praises Putin on gay rights issues

March 19, 2014

(The News & Observer, Raleigh)

Franklin Graham praised Russian President Vladmir Putin's crackdown on homosexuality and called President Obama's endorsement of gay rights shameful. The comments were made in a magazine published by the Billy Graham Evangelistic Association, the Charlotte-based organization Graham leads. 

Wells Fargo Championship to remain in Charlotte for five more years

March 18, 2014

(The Charlotte Observer)

Quail Hollow Club in Charlotte will continue to host the Wells Fargo Championship at least through 2019. Wilmington's Eagle Point Golf Club will host the tournament in 2017 when the PGA Championship will be held at Quail Hollow.  

Charlotte outlet mall to open July 31

March 18, 2014

(The Charlotte Observer)

Charlotte Premium Outlets has set July 31 as an opening date. The 400,000-square-foot outlet mall will employ about 900 at 100 stores, which will include Saks Fifth Avenue Off Fifth, Brooks Brothers, Le Creuset and Swarovski. 

Charlotte lenders return to subprime mortgages

March 17, 2014

(The Charlotte Observer)

A growing number of lenders in the Charlotte area are lowering minimum credit scores needed to obtain home loans, with some smaller lenders accepting borrowers with FICO scores as low as 500. 

Charlotte Golf Links closes after auction

March 17, 2014

(The Charlotte Observer)

The Charlotte Golf LInks, part of the Carolina Trail group, closed Friday. A representative from the Mecklenburg Office of the Tax Collector said the course was auctioned and its San Francisco-based lender bought it and foreclosed.

DENR may force Duke to clean up coal ash at three more plants

March 17, 2014

(The News & Observer, Raleigh)

The state Department of Environment and Natural Resources said Friday it will modify permits to require Duke Energy to move coal ash from the utility's Riverbend Steam Station in Gaston County and Asheville Steam Station in Buncombe County and accelerate the closure of ash ponds at Sutton Steam Electric Plant near Wilmington.