aceboogie
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Posts posted by aceboogie
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It's not a major economic event, but it does make Uptown more attractive to potential employees and employers. Wake MBA is the top rate MBA you can earn in Charlotte, so locating it Uptown means that the top talent would be drawn to jobs Uptown (as it is a part time MBA) and potentially at least rent uptown. Likewise, employers who are attracted to Wake MBA talent would be wise to chose Uptown over SP or B-Tyne to make it convenient for students. It probably will affect a minimal number of students and companies, but as Uptown tries to sell itself, it is certainly a strong marketing tool.
As far as jobs go, Celgard announced another expansion to its yet to be completed lithium battery plant in Concord. They announced new plants in both Charlotte and Concord back in 2009, and have announced expansions before completion at both locations in the last 6 months. They are quitely adding almost 500 jobs to the economy.
I believe many of the job announcements over the last 2 years will actually result in the promised jobs during 2011. It would not surprise me if by the end of the year, Meck's unemployment rate is a full percent less than the national average. (Currently it is about even)
Companies hiring at a strong pace right now or have ramped up to fill promised jobs:
Siemens
Shaw
Citco
BAE
Ally
Capgemini
Westinghouse
Electrolux
Areva
Aon/Hewitt
Ernst & Young
TIAA-CREF
SPX
Even BofA and Wells are hiring more than they are still laying off I believe.
And if you have Financial Services Compliance experience, you could probably have 5-10 job offers.
That's a lot of good companies hiring. I will definitely take a look at some of those companies myself. All of those companies hiring is good for Charlotte. Although, I like to see a real strong SBO presence as well.
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I'm glad to see Greenville is annexing some land, population, and some tax base. That is rather weird that Greenville sits in the largest county in SC but is even less populated than even Rock Hill. That's rather weird.
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Perhaps that and the DNC Convention. Hopefully the DNC will be a spark for the completion of a lot of projects!
That's what I'm hoping for myself.
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I don't think its like that at all. The Trump project was all bluster at the height of a building boom. This is a necessary infrastructure project that is going to happen, its just a much longer time frame than we'd all like.
Well I can tolerate waiting a bit. I just hate when we get these projects, especially infrastrucutre projects that seem to be more talk. I've been trying to read more on SEHSR and it seems so far there have been prelimanary and environmental studies. Is the Gateway Station one of the several things holding it up?
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I know that the UNCC business school will have a building in there. Perhaps that building is the spark. At any rate, I am like others and hope that this really takes off. Uptown could use a little more density.
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1) It requires the CSX / NCRR grade separation to be complete before the station can be used. Money for this has been allocated but not yet delivered to the state (awaiting agreements between NS, NCDOT and the FRA). One article (in the business journal) indicated the project would not be complete until 2017 at the earliest.
2) Money for the station (other than some planning funds) has not yet been allocated or budgeted. As I understand it the gateway station money was the highest priority item in the ARRA grant request by the NCDOT. that did not get funded. However, given the current uncertainty about federal budgets there is no telling when (if) this money will be budgeted.
Add it up and there is _no_ chance the station will be started (let alone completed) by the DNC.
Thanks for the info. So in a nutshell this could be like the Trump towers. All fantasy and talk but when it's time to put up or shut up it just doesn't fall through?
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So what is the timeline for the Gateway Station to be built? I hope that with the DNC 2012 coming, this will expediate the process of infrastructure projects like this.
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I definitely don't doubt that the new Duke CEO will continue with philanthropic activities in both metros. I agree with what someone said concerning the recession and Charlotte and Raleigh. Raleigh had faired much better than Charlotte so far concerning the recession and Charlotte needed this to bounce back. I'm sure Raleigh will be fine, it's ego may be hurt, but Raleigh will bounce back. I also wonder, with the new accountig firm that is HQed here, will that be or have the potential to become a F500 company?
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I think in the future this will help the state. To have Progress comepeting against Duke divided the state but now they are unified. To have the largest electric utility located in the state is still great for the state. I think this will compartmentalize the economy of the state and focus each region to utilize it's greatest assett. Raleigh has a great assett in Durham, RTP, and its great concentration of higher ed research universities. The RTP is a great assett in Raleigh and the software and pharmaceuticals that come out of this area are a great plus. It would hurt NC if Charlotte were to do the same. So, IMO, all is well for both Charlotte nad Raleigh. Raleigh may have lost a F500 but it stayed in NC. That's a plus for both.
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^That would be neat for Cabarrus to jump on board. That area is truly growing. I wonder what other counties would consider extending LRT to their areas?
http://bizjournals.com/charlotte/news/2010/11/17/mtc-considers-options-for-spurring.html
Here is an article that is open.
Pretty much they are trying to reduce costs of the Blue Line Extension and keep that as top priority. They want to pursue design-build-finance on the Red line.
Thanks
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What lines are being built? I saw that the 2030 plan has been changed, but I couldn't access that article on Charlotte Bizjournals. If anybody could provide a link that would be appreciated.
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That would be neat to see a ballpark in the area. I live on Scaleybark so that would make it more interesting.
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it seems as though the levine park is moving along. that is awesome news.
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I really like the idea of an MLS team in Charlotte.
As already mention, the gaping Southeast coverage of teams (and the Northwest is due for two more teams in Portland and Vancouver) leads me to think this region would make sense for league expansion.
Two other points in favor (in my opinion) for CLT to get a team:
- There are only (I believe) 30 games a season (both home and way) which is something this area could support
- The lack of an MLB franchise. I know that may sound weird, but if I was the MLS I would want to go into an undeserved market with a large population that doesn't have any major league sports competition for most of the season (March through November).
I do have to admit this is just dreaming for me at this point and I don't know what is the realistic probability of a team landing here. I would add one other thought though - I hope that if this was something to happen in the future that the stadium be constructed somewhere along the BLE on the North side. I just don't think we need another stadium in Uptown.
Edited to add: I just looked up general attendance figures for MLS and it seems for 2009 the average attendance was about 17.5K (actually about 15k minus the Seattle bump) which is definitely doable for this region.
Two interesting sources:
Sports Illustrated: MLS Attendance down despite Seattle bump
Kenn.comblog: Final MLS Attendance Numbers in 2009 (This guy's footnotes section for the numbers are very interesting and worth a read in this this discussion)
I think it would be good for Charlotte to pick up and I agree with your strategy for MLS. It would be good if they tried to get teams established in cities that don't have an MLB teams.
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I see the project cardinal posts going on this thread and I aslo heard about Electrolux relocating here. Was Electrolux project cardnila or is something else coming here?
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Bell Lines Inc, a trucking operation, is relocating to Kings Mountain and adding 400 jobs. Additionally 30 more jobs will also come to Kings Mountain when Qualtech opens.
http://www.wbtv.com/....asp?S=11537114
That is really great news for King's Mountain. That place could use the additional jobs. I'm happy to hear Gaston County making some progress.
Here's more info, well not much b/c everyone is still hush-hush, on Project Cardinal from Charlotte Biz Journals
Sounds like some kind of announcement is imminent. 650 jobs would be a nice plus in addition to the nearly $150 cap investment.
This is really awesome. I wonder if this announcement will help fuel the "Energy Hub" status that Charlotte is trying to attain. Also, doesn't Siemens deal alot with trains and rail? Just curious.
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These updates are good. You can see how the unemployment is dropping. All we need now is to keep up the entrprenurial work.
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I couldn't read the whole article as it is for paid subscribers. Is this just for tenants in Epicentre, or could this renew the hope for the construction of the 53 story condo?
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I'm noticing more biotech research and manufactoring firms moving here especially if they are associated closely to the medical field. At UNCC we just finished building our BioInformatics building and the NC Kannapolis Research Campus is starting to take off. If anyone is familiar with any of Richard Florida and his economic ideas, he notes that jobs move to places that have certain people; that is people who have the work ethic/knowledge needed for employment and not necessarily that people move to jobs. If this is true I believe we in the Charlotte Region are starting to see our city transform from a banking town into a more diverse economy. This is really great for the stabilization of our economy.
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Well if they are not tearing down the highrises they better be gutting them and totally remodelling them, I was in Moore in the eighties and I'm sure it is no better with age.
I'm actually glad they are not tearing them down. I work in housing and do the remodeling. Remodeling any building on campus is hard. Some kids don't know how to treat a room. I am also glad to hear about the new residence hall. Although I do agree, more parking decks are needed.
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Some other buildings I look forward to watching the progress of is the EPIC center and the new uptown building. Their are rumors of a new residence hall too.
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Greenville Annexations
in Greenville
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Perhaps it has worked to the benefit. But Greenville would gain much more if it was larger such as more federal funding and the sort. I'm also sure local Greenville politicians would love the tax base. By weird I mean we all know Rock Hill is no where near as urban as Greenville, yet its population is larger?