New
Development
Plans
for Shoppes at Jones Ferry Approved, then Withdrawn
The Shoppes at Jones Ferry, a 77,000 square foot commercial project
located at the corner of Jones Ferry Road and Barnes Street was
approved by the Carrboro Board of Aldermen in late September. A
week later, however, the developer, Northwest Property Group, withdrew
the development plans citing the need for a side entrance from Barnes
Street that the Aldermen would not approve. The developer cited
that the primary tenant of the Shoppes, Harris Teeter, would not
agree to locate in the development without another entrance. For
the full story, click
here.
Regulatory
Issues
OWASA Restructures Water and Sewer Rates
As of October 1st, most OWASA customers will see a slight increase
in their water and sewer bills, depending on the amount of water they
consume. OWASA has implemented an “increasing block” rate
scale that is aimed at encouraging water conservation by individually
metered customers. Essentially, the increasing block system establishes
five different “blocks” of rates based on how many thousand
gallons of water are consumed. As consumption increases, the price
per 1,000 gallons increases as well. For example, a typical household
consumes around 6,000 gallons per month and under the new system would
spend $4.31 more per month (a 6.8 percent increase). But for residents
who are currently consuming less than 3,000 gallons of water per month,
monthly costs would actually decrease.
For non-residential
customers and multi-family developments, the seasonal rate structure
will remain though rates will increase. Right now from May to September
1,000 gallons costs $5.51, from October to April, the cost is $2.90.
The new rate will be $5.85 from May to September and $3.08 from October
to April. The sewer service availability fee, sometimes called a tap
fee, will also rise by around 45 percent as well. OWASA says these
rising costs are going to cover improvements to the Mason Farm Wastewater
Treatment Plant, improvements to old sewer and water pipes and increased
fuel and chemical treatment costs. For more information, click
here.
Schools
Carrboro
High Nominated for Building Award
The recently opened Carrboro High School, a Leadership in Energy and
Environmental Design (LEED) certified building, was selected from
hundreds of projects and nominated for the Gold Medal Building of
America Award in the Carolinas. This award, given by the Real Estate
and Construction Review, honors regional projects that are innovative,
unique and challenging. If selected, Carrboro High will be featured
in an eight to ten page article in the Review which will include pictures
of the high school, commentary and highlight some of the subcontractors,
vendors and suppliers involved in the project. For the full story,
click
here.
Orange
County
American
Asset Presents Plans for Daniel Boone Property
At a joint workshop with the Hillsborough Town Board and planning
board, American Asset presented a revamped plan for the Daniel Boone
property near Hillsborough’s downtown. The new plan includes
two planned public green spaces and a reduced number of dwelling units.
Originally, American Asset wanted to build 1,100 apartments, town
homes and condominiums; however, the new plan calls for 250 fewer
units bringing the total to 850. Most members of both boards liked
the proposal and will continue discussion at a joint workshop next
month.
From the Herald-Sun
Orange
County Commissioners will put Revenue Measure on May Ballot
In a September meeting, County Commissioners approved a motion to
put a ¼ cent sales tax increase and/or a land transfer tax
on the May ballot. Commissioner Mike Nelson voiced strong support
for the land transfer tax saying the sales tax option was “regressive.”
The motion did not indicate which option would be placed on the ballot
but the Commissioners agreed to appoint a community task force to
educate the public and advise the Board. Due to the change in Medicaid
funding, Orange County will lose more revenue than either tax increase
can replace. The land transfer tax is estimated to net the county
$4 million per year, while the sales tax increase will generate $3
million in revenue. For the full story, click
here.
Chapel
Hill Announces New Police Chief
Chapel Hill Town Manager Roger Stancil announced Brian Curran as the
new chief of police in a September town council meeting. Curran has
been a part of the Chapel Hill department for 21 years and served
as the interim police chief since April of 2007. Curran has also been
charged with assessing the police department, creating a leadership
development program, expanding community policing efforts and leading
in finding innovative solutions to community issues.
From Chapel Hill eNews
Carolina
North Approved by Trustees
Shortly after UNC Chancellor James Moeser announced he would step
down from his post in June of 2008, UNC’s Trustees unanimously
approved a 50-year concept plan for the Carolina North campus. The
plan calls for protection of environmentally sensitive areas and sustainable,
transit-oriented development. In the first 15 years of the project,
UNC plans to build approximately 2.5 million square feet of research
labs and office space and potentially a new law school building. The
Innovations Center, a business accelerator, would be the flagship
part of the campus and university officials hope to begin work on
that building within the next year. It is unclear how the town council
will respond to the concept plan; in a September presentation to the
Council, tempers flared between Council members and University leaders
over a change in location of the Innovations Center. For the full
story, click
here.
Orange
County Job Losses Up in 2007
According to the North Carolina Department of Commerce, 17 Orange
County firms either announced a layoff or closure through June of
2007, resulting in 192 lost jobs. For all of 2006, Orange County had
20 firms announce layoffs or closure and only 93 lost jobs, nearly
100 fewer than this year. Importantly, the Department of Commerce
reports that there have been no announced jobs or investments in the
first half of 2007. To view the full report, click
here.
Council
sets Public Hearing for Northern Area Zoning
At a Town Council meeting last week, council members agreed to hold
a public hearing on November 12th to decide whether to rezone underdeveloped
and undeveloped parcels in the northern area of Chapel Hill. The Council
voted to have five different zoning types four of which are low-density
residential. The rationale for using lower-density zoning is to force
developers to apply to the town for a rezoning in order to develop
more densely. Only one zone, mixed-use village, includes any commercial
development. This is a new zone in Chapel Hill and was used to develop
East 54. For the full story, click
here.
The
Triangle
Chatham
Commissioners Vote to Use Transfer Tax for Schools
On Monday, October 1st, Chatham County Commissioners voted to set
aside 85 percent of revenue from the land transfer tax, should the
tax be passed by voters in November. Unless the Commissioners overturn
their own vote, the restriction would remain until 2010 when most
of the commission is up for reelection. County officials estimate
the tax will generate about $2 million per year. For the full story,
click
here.
Chatham
Weighs Major Rezoning
Chatham’s County Commissioners are considering rezoning 32.2
square miles of land along major road corridors in the county. The
concept of rezoning came from the Major Corridor Ordinance Task Force,
formed by the commissioners in February, which looked at how to guide
commercial development in the area. The Task Force recommended rezoning
1,500 feet of land on both sides of U.S. 421, U.S. 64 and U.S. 15-501-N.C.
87 south of Pittsboro to agricultural-residential. Commissioners said
if they do decide to rezone the land that they would then consider
designating specific economic development zones in the county. The
proposal now goes to the county planning board, which will meet in
November and decide whether or not to recommend it. Land owners in
the potentially rezoned areas are already threatening lawsuits. For
the full story, click
here.
Cost
of Living about Average in the Triangle
According to the Council for Community and Economic Research, Raleigh
and Durham rank at or just below the national average in cost of living.
The ACCRA Cost of Living Index compiles a composite index with 100.0
as the average cost of living in the United States. A figure below
100.0 indicates a lower comparative cost of living. In the fist quarter
of 2007, Raleigh’s composite score was 99.1 while Durham’s
was 91.3. By comparison to other North Carolina urban areas, Wilmington
came in at about average with a composite score of 99.9, while Charlotte
recorded a score of 88.8. New York City ranked most expensive with
an index of 213.7.
From The Triangle Business Journal
Northern
Chatham County Set for a New Library
On Wednesday, Chatham County Officials held a ground breaking ceremony
on the campus of Central Carolina Community College in Pittsboro for
a new public library. The library is the county’s first “green”
building, incorporating water re-use features among other things and
will serve as a library for both the community college and county.
Chatham stands to quadruple its library space by building the new
25,000 square foot library, its current one is just over 5,000 square
feet. Construction on the building will be complete in the fall of
2009.
From the Herald-Sun
TTA
Ridership Outpaces National Average
The Triangle Transit Authority reported a 3.3 percent gain in ridership
during the first six months of 2007, according to a recent announcement
by TTA. From January to June of this year, TTA recorded 433,195 trips,
up 13,701 or 3.3 percent from last year. TTA’s mark is ahead
of the American Public Transportation Association’s which reported
national increases of 1.1 percent and 2.3 percent for the first and
second quarter, respectively. For the full story, click
here.
Wake
County’s School Enrollment Not as High as Projected
According to statistics released last Thursday, enrollment in the
Wake County School System was slightly less than projected by school
and county planners. Compared to last year, Wake’s schools grew
by 5,930 students or about 2,000 less than the 8,014 projected. The
significance of this news is that these figures were used to push
for the conversion of 22 schools to a year round calendar. Some think
this shortfall could invite criticism from people upset about the
move to year-round schools. For the full story, click
here.
State
Marine
Expansion in Eastern North Carolina Planned
State and local officials announced plans for the addition of 25,000
Marines, sailors, civilians and family members in eastern North Carolina
over the next five years. Of the 25,000, 11,500 will be Marines stationed
at Camp Lejeune in Jacksonville, Marine Corps Air Station Cherry Point
at Havelock, and New River Air Station at Jacksonville. State and
local officials said the salaries of these new Marines will total
around $400 million. Economic development officials estimate the troop
build-up will also attract another 15,000 people seeking military
related work opportunities. For the full story, click
here.
Nation
Homebuilder
Outlook at Record Low
For the past 22 years, the National Association of Home Builders have
published a housing market index that gauges builders’ perceptions
and expectations of home sales over the next six months. In October,
the index fell to an all-time record low of 18—index figures
above 50 indicate a positive feeling among builders. The index has
been below 50 since May of 2006. For the full story, click
here.