North Carolina development thread. (Charlotte, Raleigh: home sales, pollution, car)
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A new intermodal transportation facility will be built in Edgecombe County to help industry get products to customers and spur growth in the region, officials with the N.C. Department of Transportation announced today. NCDOT has reached an agreement with CSX Corporation regarding the building and operation of the Edgecombe County facility.
“This facility will make Eastern North Carolina even more attractive to businesses looking to grow by offering a logistical solution to industry shipping challenges,” said NCDOT Secretary Jim Trogdon. “We are pleased to help bring this intermodal facility to Eastern North Carolina.”
The facility, known as the Carolina Connector (CCX), will be built on the CSX mainline and CSX will run it. NCDOT will invest up to $118.1 million for site development and roadway construction. NCDOT conducted an economic impact evaluation in early June and determined the facility will have an indirect job impact of up to 1,300 jobs.
Once the contract is executed, site development work will begin with an anticipated completion date of 2020.
Originally, CSX intended to build what is called a “hub and spoke” intermodal facility in Edgecombe County. In November 2017, CSX put those plans on hold as the company reassessed its long-term business model. Since then, North Carolina officials have remained in contact with CSX to ensure the North Carolina site remained in consideration.
The newly envisioned site will be a traditional intermodal site. The 330-acre site will allow trucks to bring cargo containers to a rail yard where they will be transferred to trains for transport. This facility will serve many industries with efficient access to rail.
“Getting products to the customer is paramount to any business’s success,” said Carolinas Gateway Partnership CEO and President Norris Tolson. “We at the Carolina Gateway Partnership are pleased that the CCX intermodal site will provide another vital link in the logistics solutions offered for our customer base in the Twin Counties and all of Eastern North Carolina. Edgecombe and Nash counties will now truly be a gateway to markets throughout the eastern part of the U.S.”
The project was scored and evaluated per North Carolina’s data-driven process that allows NCDOT to invest available funds more efficiently and effectively to enhance the state's infrastructure, while supporting economic growth, job creation and a higher quality of life.
Charlotte Regional Intermodal Facility at CLTRailroad tracks extend a mile along the airfield.
Not sure if many people out side of Charlotte area knows about this facility.
The facility, which is capable of 200,000 lifts annually, transfers containers between trucks and trains.
The $92 million facility was constructed with the assistance of $15.7 million in federal funding and additional financial support from the State of North Carolina.
Charlotte Regional Intermodal Facility at CLTRailroad tracks extend a mile along the airfield.
Not sure if many people out side of Charlotte area knows about this facility.
The facility, which is capable of 200,000 lifts annually, transfers containers between trucks and trains.
The $92 million facility was constructed with the assistance of $15.7 million in federal funding and additional financial support from the State of North Carolina.
Is something new happening or developing with this facility?
I mean. Probably. It’s in that stage of growing and stuff. Lots of things happening I don’t follow. Too technical and not interesting enough to me until it is (when it all starts coming together)
That said. I know what you youre getting at with this comment.
Is something new happening or developing with this facility?
It has been open about 2 years. Airplanes pass over the RR tracks by a bridge. I been on fights back to Charlotte and people are surprise to see we just passed over a train out their windows to the terminal.
SouthEnd getting a 17 floor hotel and large twin office towers that US Bank will anchor.
Charlotte will officially be a major hub or US Bank. They currently have 800 employees and thAts going to get much larger.
US Bank if officially headquarter in Minneapolis with a regional in NYC. Charlotte wil join NYC as a hub for US Bank.
It probably goes unnoticed on this website, but the banks are growing like weeds here. There is a ton of office towers going uptown. Bank of America, Ally Financial, Babson Financial, Regions Bank, FNB Bank, US Bank, Wells Fargo, Sun Trust and Duke Energy all have been the main tenants anchoring the latest towers in CLT. 5/3 also has been increasing, which too considers Charlotte a major banking hub for them.
There’s a reason Charlotte too is among the fastest growing cities and that’s because of all the jobs. High paying bank jobs. Wells & BofA alone have over 50,000 employees with an avg. Salary a little shy of 80,000 (and that includes the part time tellers dragging the avg. Salary down)
^Is it confirmed that US Bank is occupying the announced Spectrum project in South End? I thought Spectrum just announced they plan to build two 8 story office buildings and a 17 story hotel on the site + retail and a shopping plaza. I didn't see anything about a tenant.
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