Business
Kannapolis signs final purchase agreements for downtown real estate
June 28. Kannapolis City Council members have finalized the purchase agreements for properties located in the downtown area, including property controlled by David Murdock. The City has purchased land and buildings for $7,550,000 from Castle & Cooke and Atlantic American Properties Inc. The City is also purchasing K-Town Furniture from the Uwharrie Bank for $875,000 and […]
Aquesta names City Executive for Concord
June 26. Aquesta Bank has recruited commercial banker Michelle Riley from Bank of North Carolina to be the Concord City Executive for the Cornelius-based bank. “It’s a very attractive market; there are quite a few businesses that are looking to expand there,” said Aquesta CEO Jim Engel. “This [a commercial loan production effort] is a […]
Memo to LKN Chamber: ‘NCDOT is simply delivering the project requested by local authorities’
In advance of the Lake Norman Chamber’s board meeting, the NCDOT Undersecretary Nick Tennyson outlined some of the ramifications of cancelling the $650 million contract with I-77 Mobility/Cintra/Ferrovial and opting for a general-purpose lanes project instead. As a former chamber [of commerce] executive, I know that your organization has a wide range of business and […]
PRESS RELEASE: Lake Norman Chamber of Commerce urges State to cancel Toll Road Contract
Cornelius, NC June 23, 2015 – The Lake Norman Chamber of Commerce Board of Directors voted Monday, June 22nd to respectfully request that the contract between the North Carolina Department of Transportation (NCDOT) and I-77 Mobility Partners be terminated as soon as reasonably possible and that an alternative source of funding be secured to widen I-77 in the […]
LKN Chamber will come out against toll lanes
June 23. By Dave Yochum. The Lake Norman Chamber of Commerce will officially come out against the plan to widen I-77 with toll lanes and a 50-year contract with a company whose roots are in Spain. The chamber’s resolution, passed by its board of directors last night, requests that the contract with I-77 Mobility Partners be […]
Real Estate legend Allen Tate Dies
June 22. Allen Tate, Jr., founder and chairman of the Allen Tate Co. and a leading voice in real estate and economic development for more than 60 years, has died at his home in Charlotte. He was 84. Tate had been in failing health for a number of years, but continued to work at his […]
RCCC cosmetology program opens in downtown Kannapolis
June 22. Rowan-Cabarrus Community College has opened its cosmetology program in 28,000 square feet in a former Belk store in downtown Kannapolis. The College’s cosmetology program is one of the largest and most successful in the state, and the College began looking for a larger space in response to its growth and success. In addition to the […]
OPINION: It’s time to back Widen I-77 and fight the tolls
It’s been an interesting news period these past few months. The I-77 toll battle has turned into a full-fledged citizen movement with the business community climbing on in earnest in May, thanks in large part to John “Mac” McAlpine V, a racing industry engineer in Cornelius. (Yes, his family is the McAlpine in the McAlpine […]
Buses will take business leaders to Raleigh to fight tolls June 30
June 17. By Dave Yochum. NC Sen. Jeff Tarte says he will meet with Lake Norman business owners June 30 in Raleigh as part of the ongoing battle to fight NCDOT plans to improve I-77 between Charlotte and Mooresville with toll lanes. He has reserved the press room in the State Capitol at noon on […]
New climbing facility will come out of the ground in Race City
By Michael Mezquida. A new climbing facility in Mooresville will bring the sport of bouldering, rappelling and wall climbing to new heights. The new Cliff Hangers climbing facility will cost around $4 million, according to brothers Keith and Kris Johnson. Lake Norman’s first dedicated climbing facility broke ground in May. The 20,000 square foot facility will […]
