Recent Posts
NCDOT didn’t know about consultant’s work with Cintra
April 5. By Dave Vieser. The North Carolina Department of Transportation was unaware that a consulting firm hired to do an “in-depth, outside review” of the $654 million I-77 toll lane contract was part of a Cintra highway construction team in Texas. Back in 2004, Philadelphia-based Mercator Advisors was hired to develop the first phase of […]
NC Trans secretary picks Mercator Advisors to review I-77 contract
March 31. A company that was part of a team led by Cintra Concesiones de Infraestructuras and Zachry Construction Corp.—to develop the first phase of the Trans-Texas Corridor—has been selected to review the I-77 Express Lanes contract. NC Transportation Secretary Jim Trogdon said Mercator Advisors will conduct an in-depth, outside review. Mercator has not been involved in the $650 […]
Fitch upgrades Concord bonds
March 30. Fitch Ratings has upgraded the City of Concord’s Issuer Default Rating (IDR) to AAA from AA+. The City’s limited obligation bond rating was also raised, from AA to AA+. Fitch said the city has demonstrated “strong budget management through the recent economic recovery.” Concord City Manager Brian Hiatt said the upgrades will save taxpayers’ money […]
Aquesta expanding outside of NC
March 30. Aquesta Bank has hired a market president for Greenville, SC where the Cornelius-based financial company will expand with an office, commercial and retail lenders and a branch. Russ Williams has joined Aquesta Bank as the new SVP Greenville Market President. He has spent almost 32 years in banking and has a record in community bank […]
Planning Kannapolis from the grass roots
Kannapolis is in the midst of a majr transformation with new people and businesses moving to the City. Redevelopment, new neighborhoods, road improvements and economic development initiatives are bringing opportunities for residents. To make the planning process more collaborative, the city is organizing Move Kannapolis Forward. The public is invited to attend the Move Kannapolis Forward Summit, 6- 8 p.m., April 11, at […]
Institute of Political Leadership is looking for candidates
March 28. Sometimes unusual people run for public office—and win. The Lake Norman and Statesville Chambers of Commerce have found a way to improve candidates with coaching on everything from fundraising to polling. It’s the Institute of Political Leadership. “It is our hope that the IOPL program will provide a foundation for a diverse pool […]
Flexing muscle around transit, N. Meck towns say CATS is off-track
March 24. Should the Charlotte Area Transportation System spend $2.3 million to study a new commuter rail line between Charlotte and Lake Norman? No way, says Huntersville Mayor John Aneralla. He, along with his town board, have come out solidly against the notion of yet another new rail line, possibly well east of the Hwy. […]
‘Shark Tank’ coming to CPCC
March 20. If you’re an entrepreneur and you’d like to pitch your business on “Shark Tank,” the CPCC, Small Business Center is where you need to go. CPCC is offering free workshops to entrepreneurs in the weeks prior to the official April 29 audition with the ABC-TV casting team. Approved pitches will be featured on a future episode […]
Visit LKN has new video
March 20. Visit Lake Norman, the local convention and visitors bureau, debuted its first destination marketing video recently at the annual awards luncheon at the Peninsula Yacht Club. The video highlights signature attractions, events, lake activities and dining in Cornelius, Davidson and Huntersville. The destination marketing video is part of VLN’s sales and marketing plan. The […]
NCDOT will launch independent review of I-77 toll contract
March 16. By Dave Yochum. The NC Department of Transportation will hire an outside firm to undertake an “independent comprehensive review” of the 1,345 page contract between the state of North Carolina and Ferrovial-Cintra, the foreign conglomerate that landed the 50-year, $655-million deal to build toll lanes between Charlotte and Mooresville. “The plan is that […]
