Live Breaking News & Updates on Tax Increment Grants
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Charlotte's City Council voted last month to require those who own and operate properties receiving city support not to reject potential tenants based on how they would pay. If a violation has not been resolved after 30 days, owners will be fined $100 a day. ....
Developers that receive support from the City of Charlotte cannot reject renters on those properties based solely on whether they use vouchers or other subsidies. City Council approved the policy Tuesday. ....
RALEIGH – Developers and supporters of the massive $2 billion Downtown South project are further embracing the idea of a grant program to provide needed funding and have added more allies in the Black community in their quest to secure rezoning approval from the city for the sports, businesses and entertainment complex. A press conference is set for 3 p.m. Monday to discuss the groups efforts after losing out in a Planning Commission meeting last week. “We appreciate the Planning Commission for their extensive review of the Downtown South rezoning case. We agree with the Planning Commission’s view that this project can do so much more, and believe the way to accomplish that is through a Tax Increment Grant,” Bonner Gaylord, who is part of the Kane Realty team, told WRAL TechWire after the commission meeting. ....