Charlotte

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.

Duke Energy suggests coal-ash storage at Charlotte Douglas

March 14, 2014

(The Charlotte Observer)

Duke Energy may propose moving millions of tons of coal ash currently at its retired Riverbend power plant to Charlotte Douglas International Airport. The ash would be stored in covered, lined pits and could be used as structural fill for future construction projects.

Charlotte Douglas replacing smaller, regional flights with larger ones

March 14, 2014

(The Charlotte Observer)

US Airways will add two mainline daily flights between Charlotte and Miami and three additional ones between Charlotte and Chicago. The airline will discontinue 10 daily regional flights to those destinations.

Luxury apartments under construction in midtown Charlotte

March 14, 2014

(The Charlotte Observer)

Construction has begun on a 296-unit luxury apartment complex close to Carolinas Medical Center and the Metropolitan complex in Charlotte's midtown area. Crescent Communities is developing the $50 million project, which will have street-level retail, two parking levels and five levels of apartments.

Charlotte Douglas cancels solar project

March 13, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport has canceled plans to install solar panels that could have produced 53 megawatts of energy. An official said the airport is considering adding a fourth parallel runway, and the solar panels might interfere with the expansion. In addition, panels that were to be installed on parking lots could jeopardize tax-exempt bonds the airport uses to pay for parking projects.

Chinese coal firm moving to Charlotte

March 13, 2014

(The Charlotte Observer)

The Daniels Company, a subsidiary of a Beijing-based coal-prep technology firm, has bought an office building adjacent to SouthPark mall and plans to relocate 30 workers there from Bluefield, W.Va. The company also plans to hire an additional 30 people and open a manufacturing center for coal-production equipment.

Federal jury rules against Charlotte's LendingTree in patent infringement case

March 13, 2014

(The Charlotte Observer)

A federal jury ruled that three competitors of Charlotte-based LendingTree.com did not infringe on patents the online lender holds to protect its methods to match borrowers with lenders.

Chiquita contract says global headquarters must stay in Charlotte

March 12, 2014

(The Charlotte Observer)

Chiquita Brands International's contract with Charlotte and Mecklenburg County requires it to keep its headquarters there in order to continue to receive incentives and states the company must repay incentives already received if it relocates within 10 years. Chiquita announced this week it is merging with Irish fruit company Fyffes and moving its global headquarters to Dublin.