State Auditor Dave Boliek thinks Charlotte’s government is borrowing entirely too much money. The latest such request, reviewed and approved by the Local Government Commission on Tuesday, involves money to pay for upgrades to Charlotte Douglas International Airport. These include the construction of a new, fourth north-south runway and the renovation of one of the […]
For the Carolina Panthers, the price of getting $650 million in public money is that they’re going to have state auditors looking over their shoulder as they go about renovating Bank of America Stadium. Both Tepper Sports and city of Charlotte officials have signaled that they’re amenable to the extra scrutiny, State Auditor Dave Boliek […]
Deerfield Episcopal Retirement Community in south Asheville is planning a nearly $400 million expansion that will include about 200 units. The project proposes about 165 additional independent-living apartments, 10 assisted-living units, 12 memory care units and 12 skilled-nursing beds. Also included in the plan is a community center with dining and administrative space. The Deerfield […]
Duke Health has gained access to up to $275.7 million in tax-exempt bonds to cover the cost of its purchase in April of the former Lake Norman Regional Medical Center. Local Government Commission members signed off on the issue on Tuesday, during their last meeting of 2025. There was no discussion. The bonds will retire […]
Back in October, state investment managers sold off $6.4 million in Israeli government bonds. Now, pro-Palestinian activists are claiming this as a victory for their boycott and divestment campaign. “We feel very confident that this decision represents the power of people’s voices from across the state who have called attention to these problematic investments,” said […]
As mentioned, the Cary vote broke with the pattern elsewhere. Just in the Triangle, Chapel Hill voters backed a quintet of bond issues that collectively sought $44 million in borrowing authority for an assortment of projects. Orange County voters likewise backed a $300 million school bond. Wake County voters, 56.4% of them anyway, supported a […]
On a night when most cities and counties that put a bond referendum on the ballot saw it pass, Cary’s government suffered not one but two losses, the larger of which left some planned major parks projects adrift. Cary voters rejected a $560 million parks bond by a still-unofficial total of 55.2% against, and likewise […]
