June 2023 Luncheon – The State of CLT
Submitted by Meg Davis, Office Environments
Assistant City Manager Tracy Dodson spoke on “The State of CLT” at CREW’s luncheon on June 13, giving attendees a comprehensive look at upcoming projects the city has invested in as well as diving into her strategy for recruiting companies to the area.
While sharing some of Charlotte’s recent accolades (CLT was recently ranked #8 Best City to Live by U.S. News & World Report), Tracy dove into how they align with Select CLT to entice companies to the area. She shared some recent announcements such as Albemarle Corp., ACC, alpitronic, The Bank of London, Rexroth, Solve, RXO, Columbus McKinnon, USAA and Ircad France. These announcements reflect a $300m capital investment, 1,500 new and retained jobs, and 1.5m square feet of office under construction.
Large economic development projects that the city has invested in include Project Break Point/River District, Charlotte Transportation Center, and Eastland Mall Redevelopment. Project Break Point, or more commonly referred to as the River District, is a 1,400-acre project near the airport that will include single-family, multifamily, along with retail, office, schools, and potentially a world-class tennis stadium. The Charlotte Transportation Center project boasts of bringing the bus station underground to allow for more street-level retail and office space. Eastland Mall Redevelopment project is currently looking for a project to develop the 30 acres that Tepper Sports & Entertainment originally planned to build a Charlotte FC practice facility on. Current options include an indoor sports complex and an events and esports center.
Corridors of Opportunity is another initiative the city has undertaken, outlining the often forgotten communities and ensuring they become safe and prosperous communities. The six key corridors are Graham Street/North Tryon, Sugar Creek Road, Albemarle Road, Beattie’s Ford/Rozelles Ferry Road, West Boulevard and Freedom Drive/Wilkinson Boulevard. The projects vary from each corridor and include affordable housing, community safety, infrastructure, transportation, workforce and business development, and urban design.