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Tuesday, January 28, 2025

Charlotte Regional Business Alliance pushes for voters to approve $197 million bond issue

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The Charlotte Regional Business Alliance is encouraging voters to approve a $197 million bond issue in November, which it says will help to improve transportation corridors and housing. | Adobe Stock

The Charlotte Regional Business Alliance is encouraging voters to approve a $197 million bond issue in November, which it says will help to improve transportation corridors and housing. | Adobe Stock

The Charlotte Regional Business Alliance started efforts to get voters to approve a $197 million bond package in the November election.

In a Sept. 14 release, the organization said that the borrowing would improve transportation corridors and housing in the city.

The bond issue is expected to break down into three targets for funding, including $102.2 million for streets, $50 million for housing and 44.5 million for neighborhoods, the alliance said in the release.

“A long-range view on making infrastructure improvements has served us well in terms of promoting economic development and making Charlotte more livable and attractive to workers and businesses,” Angela Yochem, co-chair of the Vote Yes for City Bonds campaign, said in the release. “When city voters approve these bonds, they are saying ‘yes’ to a continuing investment in keeping Charlotte a great place to live and work for many years to come.”

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