City Council Approves New Spending, Makes 'Major' Announcement
Charlotte’s City Council approved a slew of new spending measures at Monday night’s council meeting, including another $20 million for upgrades at Bank of America stadium—the second of three installments the city agreed to in 2013.
Council members also agreed to subsidize the NBA All-Star Game in 2017 to the tune of $3 million—half the event’s projected cost.
The council also put the final touches on its part of an agreement to bring financial company Dimensional Fund Advisors to the city. Dimensional will open an east coast headquarters in Charlotte in exchange for about $7.5 million in tax breaks from the city and county over seven years, as well as more than $10 million from the state of North Carolina.
The biggest ticket item the council approved was a new wastewater pumping station at Steele Creek for $44 million.
Charlotte Fire Department officials also made what was touted as a “major announcement” at Monday's city council meeting.
Multiple fire engines lined the outside of the Charlotte government center. Inside, about 30 captains, battalion chiefs, and other fire department officials sat in dress uniform for the event. A city press advisory suggested media outlets send multiple reporters, without divulging any details of the mystery announcement.