Rents Are On The Rise: June 2019 Charlotte Rental Report

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As Charlotte’s population continues to rise, so do rental prices around our city.

ApartmentList.com just released their June 2019 rental report, showing the Queen City experiencing one of the sharpest rent spikes in the past 12 months, with rates increasing an average of 0.4% over the past month (bringing the total year-over-year increase to 2.2%).

Rent increases have been occurring not just in the city of Charlotte, but all across our state. Ever one of the largest 10 cities in North Carolina are now seeing significant price increases.

In spite of the trend, however, Charlotte prices are still relatively moderate compared to other major cities across the country.

  • Charlotte’s median two-bedroom rent of $1,140 is slightly below the national average of $1,190. Nationwide, rents have grown by 1.5% over the past year compared to the 2.2% increase in Charlotte.
  • While Charlotte’s rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.9%), Atlanta (+2.1%), and New York (+2.0%).
  • Renters will find more reasonable prices in Charlotte than most comparable cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than two-and-a-half times the price in Charlotte.

For more information check out the national report.

Winning $344 Million Powerball Ticket Sold in North Carolina

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North Carolina has a new multi-millionaire among its ranks. According to the NC Education Lottery, a $344.6 million Powerball Lottery ticket was just sold at Carlie C’s IGA off North Main Street in Hope Mills, NC (about 100 miles east of Charlotte). “It’s a lucky day to be in North Carolina,” commented NC Lottery Director Mark Michalko. “We look forward to meeting the jackpot winner, but the most important thing for the winner to do today is sign the back of the ticket and secure it in a safe place. This is a life-changing event. The lucky winner should take some time and get sound professional advice before coming in to get the big check.” The winning numbers were 6, 15, 34, 45 and 52, with a Powerball of 8. The ticket holder now has 179 days left to claim their ticket at lottery headquarters in Raleigh. They will have the choice to receive $344.6 million in annual payments over 29 years or take home a lump sum of $223.3 million.

Panthers Planning To Build ‘Bunker Suites’ Next To Players Tunnel

The Carolina Panthers are working out final plans to build new ‘bunker suites’ underneath Bank of America Stadium with no views of the field and seasonal price tags upwards of $100,000. According to a recently acquired “Request For Proposal” (RFP) submitted to architects, the new bunkers would be 7,000-9,000 square feet window-less rooms near the stadium’s west end zone (located right next to the tunnel where the Panthers enter the field). The 10-12 person rooms will include a full bar, living room area, dining table, and private restrooms. The RFP also notes that bunker suite holders will have preferred parking spaces, a private stadium entrance, and reserved seats in the first few rows of the stadium. Team president Tom Glick recently sent a letter to PSL owners, stating that new stadium upgrades would be built alongside the Panther’s practice bubble and headquarters facility in Fort Mill. “These investments, we believe, are essential to building a successful team,” Glick said. “And the onus is on us to continually deliver the best environment for our players, as well as making attending a Panthers game the best experience possible.” The new bunker suites would be very similar to the Minnesota Viking’s new ‘touchdown suites‘, which cost between $180,000 to $225,000 per season. The Viking’s ‘bunker suites’ are a little bigger than the Panther’s proposed suites, with seating for 20-24 people; The ‘bunker suite’ concept has been increasing in popularity around major league sports for the past 20 years, with examples seen in the NFL, MLB, NBA, and MLS. One of the most extreme examples is perhaps 20 Madison Square Garden’s 20 bunker suits, which are currently selling for $1 million per year. The Panthers are scheduled to select a construction firm by Nov. 15th, start construction by Dec. 15th, and complete the new stadium upgrades by July 31st, 2020, according to the RFP.  What do you think about the Panthers new ‘bunker suites’ idea? 

Growing Movement Pushing To Rename ‘UNCC’ to ‘University of Charlotte’

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There’s a growing movement to officially rename one of the fastest growing universities in North Carolina from the University of North Carolina at Charlotte (UNCC) to simply the University of Charlotte (UC).

The movement is actually decades old, but it’s now gaining some real traction among both students and faculty.

Leaders of the movement recently started a Change.org petition, which has already gathered over 2,500 signatures.

The petition notes that the UNCC title has become confusing, especially for those outside the Charlotte region. They argue that many people, “do not understand that UNC Charlotte is not a satellite or branch campus of UNC-Chapel Hill or “UNC” (whether UNC refers to UNC-Chapel Hill or the UNC System writ-large),” adding that, “While each university operates under the umbrella of the UNC Board of Governors and shares a common funding source from the North Carolina General Assembly, in fact, each of the sixteen public universities in North Carolina is an independent institution. This means that each university has its own board of trustees, executive leadership structure, faculty, and athletics department—whether its name contains “UNC” or not.

The movement also has their own Facebook page, where they often post occasions where organizations use a variety of wrong names for UNCC;

According to school officials, changing the name from UNC Charlotte to University of Charlotte (or any other variation) would require the approval from the University’s Board of Trustees as well as the UNC System Board of Governors.

The university’s Student Government Association is currently scheduled to poll students on an official name change this coming spring election.

What are your thoughts on an official name change for UNCC?

I-77 Toll Lanes Finally Opening Today

After almost 4 years of non-stop road construction on I-77, the highly contested toll lanes will finally be opening today for the first time.

The northern section of the lanes will be the first to open this morning at 10am, from Exit 36 in Mooresville to Hambright Rd. in Huntersville (both directions).

Because only the northern section will be open, I-77 Mobility Partners (owned by Spanish company Ferrovial) will be discounted rates by 25% until the entire route is up and running. Factoring in the discount, the 15-mile journey will cost $3.35 at rush hour, or $1.95 off-peak, one way.

“We are excited for drivers to start using this section of the express lanes, as we offer a new transportation choice along the I-77 corridor,” said I-77 Mobility Partners CEO Javier Tamargo.

“High Occupancy Vehicles” with 3 or more passengers will be able to use the toll lanes for free by flipping a switch on their transponder or indicating high occupancy on their mobile app.

Here is an overly optimistic and positive video about using the toll lanes, produced by the Spanish company;

Joedance Film Festival to Host “Joedance Jam” Fundraiser This Month

The Joedance Film Festival will renew one of its legacy fundraising events by hosting “Joedance Jam” on Friday, June 29 from 4-7 p.m. at Suffolk Punch in South End (2911 Griffith Street, Suite A, Charlotte, NC 28203). Joedance Jam is a night of live music through which funds are raised for Atrium Health’s Levine Children’s, which receives proceeds from Joedance Film Festival activities. $1 from every beer sold at Suffolk Punch between 4-7 p.m. will be donated to Joedance to help the organization’s fight against rare pediatric cancers. Live performances will include: Chris Moreno of Nashville, Josey Wails Band of Charlotte and The Sammies of Charlotte. What: Joedance Jam (live music) *proceeds benefit Atrium Health Levine Children’s Where: Suffolk Punch 2911 Griffith Street, Suite A, Charlotte, NC 28203 When: Friday, June 29, 2013, 4-7 p.m. The 10th annual Joedance Film Festival, which raises money for pediatric cancer research, will run Thursday-Saturday nights, August 1-3, 2019 at Charlotte Ballet (701 N. Tryon Street, Charlotte, NC 28202), which will host the event for the second consecutive year. The move to Charlotte Ballet positions Joedance to participate in the North Tryon Street renaissance and contribute to the northern tier of Uptown Charlotte’s continued growth. Joedance has expanded its film eligibility footprint by accepting films throughout North Carolina and South Carolina. The territory expansion is designed as a first step to position Joedance as a major film festival in the Mid-Atlantic region, and to mirror the service footprint of the organization it benefits, Atrium Health and Levine Children’s.

UNC Charlotte Breaks Ground On Massive 130,000 Sq Ft Science Building

Yesterday UNC Charlotte broke ground at the corner of Craver and Mary Alexander roads for a new campus facility that, when complete, will reshape the way science is taught and studied at North Carolina’s urban research university. Shared by University leaders and faculty, staff, students, alumni, public officials, community partners and friends, the celebratory event represented the fulfillment of a commitment made in 2016 with the passing of Connect NC, a $2 billion infrastructure bond designated in large part to support the rapid growth of the state’s public colleges and universities. “This one-stop-shop for our chemistry, biology and physics programs is an indisputable necessity,” said Chancellor Philip L. Dubois. “Skyrocketing regional employer demand for science, technology, engineering and mathematics (STEM) professionals—compounded by enrollment that has nearly tripled since the 1984 opening of our existing science facility—requires a state-of-the-art solution, which this new building provides.”
Science Groundbreaking.jpg
The building will offer 130,000 square feet of flexible classrooms and laboratories that will be available when the building opens in 2021. Space in the new building will immediately be at a premium. Additional funding proposals totaling $45 million currently are being considered by the North Carolina General Assembly to renovate the Burson and Cameron academic buildings. If passed, the funds will make possible the updating of labs and development of co-working spaces for faculty and students that are on par with those of the new building. “UNC Charlotte’s student population likely will surpass 30,000 for the first time this fall; approximately half have declared or will declare a STEM major,” said Provost Joan Lorden. “Our ability to prepare students for work and continuous learning across their lifetimes depends upon our capacity to provide challenging classroom and laboratory experiences in a problem-oriented, 21st-century learning environment. With well-designed teaching, learning and research spaces that promote innovative interdisciplinary collaboration, UNC Charlotte will continue to attract top-notch faculty and students as we make a distinctive impact in STEM fields.”

Frozen Star Kristen Bell Sends Belmont Teacher Mountain of School Supplies

Frozen Star Kristen Bell has just selected a Belmont Teacher to recieve a mountain of school supplies as part of her #FeaturedTeacherFriday campaign.

Kindergarten Teacher Kristin Riggs of Belmont’s Page Primary School was selected out of thousands of teachers from across the nation who submitted an email entrys for the campaign.

Kristen Bell announced she had selected Riggs to receive the mountain of supplies on her Instagram account (which has a total of 10.3 million followers).

She included a part of Riggs heartfelt letter as one of the main reasons for her selection, which reads;

“I teach Kindergarten at Page Primary School in Belmont, NC. Our school serves a wonderfully diverse population of students including English-language learners and children with special needs. We have 8 kindergarten classes and 9 first grade classes. Our job is not only to prepare our future leaders academically, but also foster growth across all developmental domains. With mandated state testing (yes, we test our babies the first days of kindergarten) paired with a highly structured and rigorous curriculum, I strive for my kids to still experience as many joys of childhood that we can provide in the classroom! They need dress-up clothes, blocks, paints, games, musical instruments, science materials, and manipulatives! We also need flexible seating to allow them to complete work while still being able to move their wiggly bodies! As a parent to young children you know there is SO MUCH more to a child than their ability to read and write. Language development, fine and gross motor skills, self-help skills, social-emotional development, creative thinking, and confidence building are all integral parts of my kindergarten classroom. You may have heard that teachers in North Carolina are some of the lowest paid teachers in the United States. We easily spend over $1,000 each year purchasing necessities for our classrooms. The craziest part is, there is no where else I’d rather spend my paycheck. Watching a child transform during a school year is the greatest gift. Support to fill our classroom with materials to nurture and stimulate my students would allow my current class, as well as future classes, the opportunity to reach their highest potentials!

My greatest hope as their teacher is that they leave kindergarten with a love for learning! Thank you for being a part of this. Teachers everywhere are deserving of whatever help anyone can provide”

View this post on Instagram

For our final #FeaturedTeacherFriday + #DrSeuss teacher, please meet Kristin Riggs from Belmont, NC! (Don’t worry, we’ll be back to all sorts of other teachers next Friday!) The kind hearts at @DrSeuss & @Randomhousekids will send each of Kristin’s kiddos a copy of #OhThePlacesYoullGo! Her Amazon wishlist is in my bio! “I teach Kindergarten at Page Primary School in Belmont, NC. Our school serves a wonderfully diverse population of students including english-language learners and children with special needs. We have 8 kindergarten classes and 9 first grade classes. Our job is not only to prepare our future leaders academically, but also foster growth across all developmental domains. With mandated state testing (yes, we test our babies the first days of kindergarten) paired with a highly structured and rigorous curriculum, I strive for my kids to still experience as many joys of childhood that we can provide in the classroom! They need dress-up clothes, blocks, paints, games, musical instruments, science materials, and manipulatives! We also need flexible seating to allow them to complete work while still being able to move their wiggly bodies! As a parent to young children you know there is SO MUCH more to a child than their ability to read and write. Language development, fine and gross motor skills, self-help skills, social-emotional development, creative thinking, and confidence building are all integral parts of my kindergarten classroom. You may have heard that teachers in North Carolina are some of the lowest paid teachers in the United States. We easily spend over $1,000 each year purchasing necessities for our classrooms. The craziest part is, there is no where else I’d rather spend my paycheck. Watching a child transform during a school year is the greatest gift. Support to fill our classroom with materials to nurture and stimulate my students would allow my current class, as well as future classes, the opportunity to reach their highest potentials! My greatest hope as their teacher is that they leave kindergarten with a love for learning! Thank you for being a part of this. Teachers everywhere are deserving of whatever help anyone can provide” 💛

A post shared by kristen bell (@kristenanniebell) on

Along with her Instagram shoutout, Bell also included the link to Riggs’ Amazon wishlist in her bio, resulting in over 100 of her followers to buy and send Riggs’ even more supplies. She ended up receiving supplies as far away as from the U.K. and Zimbabwe.

The #FeaturedTeacherFriday campaign is a part of the larger #10FeaturedTeachers movement focused at curbing the increasing burden of buying classroom supplies for teachers who normally have to buy supplies with their own money.

UNC Charlotte’s 2019 Economic Forecast: Growth Continues

The economy of the United States and North Carolina continues to grow at a slow rate, on the brink of becoming the longest economic expansion since 1854. If the economy of the United States and North Carolina continues to grow, by July it will achieve the longest economic expansion, UNC Charlotte professor and economist John Connaughton says.

During the quarterly Barings/UNC Charlotte Economic Forecast, Connaughton presented the economic report for 2018 and a forecast for the next 18 months. The country is in the second-longest economic expansion since 1854. This economic expansion has been underway for 119 months, as of May 2019. The longest economic expansion on record is 120 months, recorded in the 1991 to 2001 expansion.

How has North Carolina fared economically compared to other states? Connaughton says the data shows, “We are growing, but we are not doing what we used to do. We have recovered, but we haven’t grown above the average of the U.S. If you are in the major cities of North Carolina, the economy appears to be in good shape. Everywhere else in the state, it has been a different story economically as recovery continues.”

He added that it will be important to watch key factors of the N.C. economy over the next 18 months and beyond. “Historically, North Carolina has done a better job in the past of recruiting industry compared to other states, but recently that has not been the case. This economic development directly affects the economy.”

“The increase in the U.S. GDP growth experienced during the second and third quarters of 2018 is very likely temporary and is expected to fall back to a more modest rate of growth in 2019. In fact, fourth quarter U.S. GDP increased by a modest 2.2 percent. The mid-year 2018 increase resulted from the fiscal policy tax rate decreases and an initial response to the rollback of government regulations on business. However, by 2019 the overriding longer term forces of stagnate labor force growth and modest productivity growth will dictate slower potential GDP and GSP growth rates.”

Nationally, Connaughton said the potential trade war with China is important to monitor, especially the effects on the economy. “Any time there is a tariff like this, some impact will be felt by consumers. However, some impact will also be felt by suppliers, who will face reduced profits,” he said.

The biggest impact will be increased prices on consumer goods sold by mass retailers. “Consumers will see higher prices on low-cost items made in China, like toasters or tires and others,” he said. “In the short term, there’s going to be some pain for consumers, but there will be a resolution at some point.”

Consumer confidence remains strong. “Despite what is likely to be the short-lived spike in GSP growth during 2018, the longer-term outlook, at a more modest rate of growth, is fairly optimistic. In April, the Consumer Confidence Index was at 129.2, up from the March index of 124.2. With the national unemployment rate consistently below 4.0 percent, more job openings than job seekers, modest interest rates (in a historical context), and continued consumer optimism, it will take a considerable negative event to slow the economy during 2019 or into 2020,” he added.

Connaughton shared the key economic indicators for North Carolina for 2019. Gross State Product (GSP) is expected to reach a level of $589,808.2 million in 2019. Real (inflation-adjusted) GSP is expected to increase by 2.5 percent over the 2018 level. “Positive economic growth in 2019 would represent the 10th consecutive year of economic growth for the North Carolina economy since this expansion began in 2010,” Connaughton said.

The quarterly forecast was presented to members of the Charlotte business community and the media at a luncheon held at UNC Charlotte Center City. The Forecast is sponsored by Barings.

After A Quarter Million Signatures and Piles of Hatemail, Statesville Leaders Change Policy To Allow Gander RV’s Massive Flag

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via Gander Outdoors’ Facebook Page

After weeks of a dispute between the city of Statesville and the I-77 Gander RV store over the size of their American flag.

The flag, which currently measures 40 X 80 feet, is almost double the city’s legally allowed size. A Statesville city ordinance currently limits publically displayed flag sizes to just 25 X 40 feet.

The earlier this month, the city issued a letter to Gander, telling them that they must take down the over-sized flag or face a daily penalty of $50 (retroactive to 10/15/18).

The company sent out a post on their social channels telling people they would not take the flag down and asking for people the sign a petition (which has since received over 275,000 signatures);

Gander’s owner Marcus Lemonis even traveled to Statesville yesterday to speak to city officials. During an interview, Marcus told reporters that under no circumstances is the flag coming down, and he’d even be willing to go to jail over the issues;

Now, after hundreds of thousands of signatures, a flood of hate letters, and widespread national media attention, city leaders have decided to work toward changing the flag size policy.

According to a press release by the city, Statesville Mayor Costi Kutteh has asked the Statesville Planning Department to draft a new amendment that would change the regulated size of flags displayed in a highway business zone to allow for the flag that’s currently displayed at Gander RV on I-77.

“In speaking with city council members, I believe this is the direction the majority of council would like to go at this time. Some terrible things have been said about our wonderful town,” said Kutteh, “and it hasn’t come from our citizens. But people from all over the country have jumped on this issue and called us names I can’t repeat. When our community’s efforts to conduct business in an orderly, lawful manner begins to hurt our businesses, then it’s time to put a stop to it.”

What do you think about flag battle?