Business
Aquesta announces private placement
Feb. 4. Aquesta Financial Holdings has closed on a $15 million private equity placement that will help the Cornelius-based bank continue to expand in the Carolinas. Castle Creek now owns 9.9 percent of Aquesta’s voting common stock. “Castle Creek is a sophisticated and experienced investor specializing in community banks. We are very pleased that they […]
Passengers up 21 percent at Concord Airport
Feb. 2. Allegiant Air reports passenger enplanements were up 21 percent last year at Concord-Padgett Regional Airport. There were 990 Allegiant departures in 2018 to a total of six destinations. Concord Aviation Director Dirk Vanderleest said Allegiant could bring more destinations in the future. The runway at Concord-Padgett Regional Airport was strengthened in 2018 to […]
Meck property revals coming in: Some commercial up 60 percent since 2011
Jan. 24. The last few years have been awesome from a property owner’s point of view; their homes are worth considerably more. How much more is becoming apparent today as the new Mecklenburg County tax values come online. One lakefront property in The Peninsula in Cornelius, with around 5,000 square feet of living area, climbed […]
Four LKN events land on Tourism Society Top 20 list
Four significant special events in Lake Norman—the Loch Norman Highland Games, NC Music & Brewers Festival, Asian Festival and Dragon Boat Race and the Warrior Dash—have been added to the Southeast Tourism Society Top 20 list this year. Travel industry leaders select 20 events per month and the Southeast Tourism Society publicizes them throughout the […]
Earnings increase sharply at Aquesta
Jan. 16 Aquesta Financial Holdings, the parent company of Aquesta Bank, reported record earnings and loan growth for the fourth quarter of 2018 as well as the full year. The Cornelius-based bank reported net income of $942,000 compared to $204,000 during the last quarter of 2017. For the full year 2018, net income was $4.2 […]
DH Griffin will demo old Philip Morris plant
Jan. 16. Greensboro-based D.H. Griffin Cos. will begin demolishing the old Philip Morris plant in Concord within the next 30 days. Now known as The Grounds at Concord, the buildings total some 3.5 million square feet. The 2,000 acre site owned by Bootsmead LeaseCo is being marketed by JLL Carolinas for an undisclosed price. Griffin […]
Clark, Marcus at Newsmakers Breakfast Jan. 24
Lake Norman’s two newest legislators will be the Newsmakers Breakfast speakers Jan. 24 at The Peninsula Club. On deck for the Q&A with Cornelius Today and Business Today readers are NC Rep. Christy Clark and NC Sen. Natasha Marcus. Clark, a Huntersville resident, and Marcus, a Davidson resident, represent Cornelius in the House of Representatives […]
Despite false starts, are autonomous vehicles on the road to acceptance?
It’s 2029 and you’re sound asleep cruising at 75 mph to a mountaintop getaway in your first autonomous vehicle, a Jaguar XJ, which looks futuristic and classic all at the same time, and performs beautifully, thanks to Tata’s brilliant designers and programmers in India where most of the population practices Hinduism. Suddenly there’s a cow […]
Tricia Sisson will chair LKN Chamber this year
A name from Cornelius business and local GOP politics will be front and center at the Lake NormanChamber of Commerce in 2019. Tricia Sisson, who ran for Cornelius Town Board in 2017, will officially take over the chamber’s volunteer reins on Friday. The chamber has close to 900 members, about the same as 2017. “Our […]
Kindred scores 100 on new health report
Jan. 9. Kindred restaurant in Davidson scored a 100 on a re-inspection by the Mecklenburg County Health Dept. The eatery came back strong after getting an 88 during an inspection Dec. 26. It was a disappointing “B” in the world of county health ratings, and required a follow-up visit from the health department. The restaurant’s New […]
