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Business Intelligence: Serving the Golden Crescent, including Lake Norman, Cabarrus and University City  
Bits & Briefs

LKN Chamber events

In recognition of “Small Business”, the Lake Norman Chamber of Commerce has planned a week long series of events, seminars, and activities May 21-25.

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Green Drinks LKN

May 31 Campania Cafe

Green Drinks Lake Norman will discuss the US Department of Energy's Clean Cities program at Campania Cafe on May 31 from 5:30 to 7:00 p.m.  Speakers and topics will include new and growing companies and more professionals in the green, energy and sustainable sectors. 


Textile documentary debuts
May 17 at Gem Theatre

“Stitched in Time,” a mini-documentary produced by the Cabarrus Chamber of Commerce leadership class, will debut at the Gem Theatre on May 17 at 7 p.m. The film explores the history of the county’s textile industry through personal stories shared by former mill employees. The Cabarrus Chamber Leadership Class brought Historic Cabarrus Inc., Kannapolis History Associates, the A. L. Brown High School Digital Media Department and students from Concord High School into the project. The documentary was directed by A. L. Brown’s digital media teacher, Jonathan Greene.

 


Doggy business gets permit

May 8 Lucky Dog, a proposed doggy daycare, dog park and coffee/drinks bar in the former Kylie’s Restaurant on Highway 21, was granted a conditional use permit by the Cornelius Town Board at the Monday night meeting. Owners of the nearby Hampton Inn raised objections to the facility because of the possibility that barking dogs would disturb their guests' sleep. Bob Daly, one of the owners of Daly Seven, which owns the hotel, said the company is in the "sleep business." Hampton Inn policy is such that all guests get a full refund if they are not completely satisfied. The board vote, however, was unanimous, in favor of the new canid venture.


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Libertarian think tank guru thinks Red Line will tank

Some observers bristle at anti-rail bias from Cato Institute fellow

O'TOOLE

Feb. 9 The Red Line Regional Rail Project came under fire Wednesday at a Cornelius Red Line Task Force forum Wednesday when a well-known commuter rail critic attacked the economic development numbers CATS uses to justify the Red Line and the Lynx line in Charlotte. Randal O'Toole, a fellow at the Cato Institute, said growth in and around Charlotte is occurring at the rate of 3 percent a year, with or without rail. Subsidies for rail merely shift where the development takes place, he said.

As expected, the fellow with a distinct libertarian bent excoriated the proposed $452 million rail line from Lake Norman to Charlotte as a government excursion into 19th century technology. Instead, O'Toole advocated sort of a new era of bus and car technologies which would tap into the dispersed nature of both worker populations and jobs. Only 30 percent of all jobs are in traditional employment centers like downtowns, he said.

Many people in the real estate community are taking a wait and see approach as three months of meetings--and intense review--near the mid-point. Elected officials in North Mecklenburg and Mooresville hope the ferocious debate will help consultants devise a business plan that might win public approval. Feedback on proposed governance and financial plans is part of studying the project and improving it, Cornelius Mayor Jeff Tarte said.

"From the perspective of the real estate brokerage and development community we appreciate the opportunity to review the draft business and finance plan," said Brad Howard, one of the developers of the Langtree at the Lake mixed-use project in Mooresville. "We are actively engaged in the process and plan to stay engaged to analyze and better understand the details of the finance plan. I would like to hear from an expert that supports rail transit to provide balance to the discussion." He asked for local officials to bring in a rail proponent to speak "so we may hear opinions from both sides."

O'Toole also said ridership numbers put out by CATS to the public are 40 percent higher than those they report to the Federal Transit Administration. "When you have a train that goes from where you don’t live to where you don’t want to go, most [commuter] trains are empty," he said.

The Cato Institute, which criticized both Barack Obama and John McCain in 2008, has weighed in on everything from urban growth and public land uses to the Iraq War and Social Security. O'Toole has written two books relating to tarnsportation: "The Vanishing Automobile and Other Urban Myths" and "Gridlock: Why We're Stuck in Traffic and What to Do About It." The Town of Cornelius, in a press release, said O'Toole wrote Cato Policy Analysis No. 663 in 2010, "Defining Success: The Case against Rail Transit."

Hot Properties

May 2012

In Cornelius

A short sale at 21600 Norman Shores Drive has sold for $1.42 million after being listed at more than $2.5 million in the past. The Craftsman style lakefront home has an “auto showroom” on the lower level...

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Entrepreneurs

Top line growth is key to
company built on service

Randy Stewart
Back in 2005, Randy Stewart went through a dozen new employees. Indeed, finding good people is one of the top challenges at Fabrication Automation, a Concord-based company that sells and services equipment that cuts steel plate.
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On the Record (register to access)

New corporations: May 2012

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Foreclosures: May 2012

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Homes sales: May. 2012

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