Northlake Mall opened just 21 years ago. But after years of rising vacancies, the city of Charlotte is proposing to designate the mall and surrounding area as a federally approved opportunity zone. The zones are meant to encourage development in economically distressed areas.
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NC Local examined the patchwork of how hundreds of cities and towns handle property taxes in North Carolina – from low taxes on beach homes to high tax rates in small towns.
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There was a raucous public hearing before Charlotte City Council this week over data centers and a possible 150-day pause on their development. The Charlotte Ledger business newsletter’s Ashley Fahey was there, and she joins Marshall Terry for our segment BizWorthy.
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The number of homes sold in the Charlotte region fell again in April, dropping nearly 3% compared with April 2025.That’s according to the latest data from Canopy, the Charlotte-area Realtor association. The decline is driven by mortgage rates above 6%, along with rising costs and inflation.Despite the slowdown in sales, prices continue to climb. The average sale price for a home in Charlotte rose to just over $522,000.
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The Federal Aviation Administration says it will distribute $970 million in federal grants to select airports around the country. Charlotte Douglas will receive $28 million to finish replacing its roof and HVAC units in the main and south atrium and Terminal Concourse D. Construction is scheduled to begin in 2027.
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North Carolina is claiming that the Vietnamese electric vehicle manufacturer won't be able to hit upcoming deadlines for having its factory operational and 1,750 employees.
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Buyers venturing outside Mecklenburg now find fewer deals and tighter supply than in the past, as rising demand and development constraints push up prices.
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This weekend is the unofficial start of summer, and just in time for the Memorial Day holiday, Lake Lure is reopening. It had been closed since Hurricane Helene hit western North Carolina almost two years ago. The Charlotte Ledger Business Newsletter looked at what the reopening means for the area, which is heavily dependent on tourism. The Ledger’s Tony Mecia joins WFAE's Marshall Terry for our segment BizWorthy.
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North Carolina controls liquor sales through a post-Prohibition network of local ABC boards and state-set prices. A new bill would loosen some rules, but some are once again pushing to privatize the system.
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The new location means passengers can deplane, retrieve their checked bags and then pick up a rental car without having to backtrack like they currently do.
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In Fayetteville, some 1,700 workers are expected to lose their jobs as the Goodyear Tire plant plans to shut down by the end of next year. The company says the closure is part of an effort to stay competitive in a difficult market. Goodyear recently reported steep first-quarter losses, citing falling tire demand and rising costs tied to conflict in the Middle East. The Fayetteville plant opened in 1969 and is one of Cumberland County’s largest employers.
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Spark Centro broke ground Thursday in east Charlotte, marking the start of a major investment aimed at expanding jobs, entrepreneurship and workforce training in the area.
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WFAE’s Palmer Magri shares five things you shouldn’t miss at this year’s Truist Championship at Quail Hollow Club — from walking the Green Mile and exploring new fan zones to using the PGA app to follow stars like Rory McIlroy and Adam Scott, hitting the merchandise tent and knowing what to pack (and budget for) before you head out.
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