City Bond Approval Would Mean Millions in Funding for Transportation, Housing and Neighborhood Infrastructure

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When Charlotte voters head to the polls between now and November 8th, they will be asked to approve three referenda on the general election ballot authorizing the City to issue general revenue bonds worth more than $218 million.

Approval of these bonds will not result in additional tax increases for Charlotte residents, but will provide much-needed revenue to:

REBIC, the Charlotte Regional REALTOR® Association (CRRA), the Charlotte Chamber of Commerce, and other local business and industry groups have endorsed the three bond referenda, and are working to ensure their passage on the November ballot.

REBIC and CRRA have also contributed $20,000 to to the bond campaign.

Meeting Charlotte’s infrastructure needs is vital to our region’s economic development and future growth, and the passage of these bonds should be a priority for everyone in the real estate community. We ask all our members to VOTE YES for the Bonds when you go to the polls!

For more information on the City Bond campaign, including details on the improvements that will be funded if the referenda are approved, visit their website at www.VoteYesForBonds.com.

Symposium Highlights Charlotte Area Population Dynamics

Last Thursday, the Greater Charlotte Apartment Association hosted a symposium at UNC Charlotte sponsored by ULI Charlotte, the Urban Institute, the Charlotte Chamber of Commerce, and the Charlotte Regional Realtors® Association entitled “Who’s Moving In, Who’s Moving Out.”  Dr. Rebecca Tippett, Director of Carolina Demography at UNC Chapel Hill, provided a presentation on population dynamics in the ten-county Charlotte Region, and was followed by a panel discussion and question and answer period.  Her findings included the following:

  • 109 people are moving into the Charlotte Region every day.
  • Charlotte is the 9th fastest growing large metro area in the country (Raleigh is the 2nd fastest).
  • In terms of net migration, Charlotte has the 3rd highest behind Orlando and Austin
  • Charlotte is a post-graduate destination.
  • 7% of those moving here come from another country (most from India, Mexico, and China).
  • Millennials are moving to Charlotte and/or Mecklenburg County in their early and mid-20s but tend to move out to surrounding counties (mostly Cabarrus, Union, and York) in their mid-30s.

To view the presentation in its entirety, please click here.