Growth: Southeast News

Growth Southeast News curated each weekday for AL, FL, GA, KY, MS, NC, SC and TN about expansions and new construction projects…



October 12,  2021


Developers said they are close to beginning major construction at the River District, a development project aimed at transforming a largely vacant tract along the Catawba River into a mixed-used residential and commercial community.

During a Charlotte City Council meeting Monday, a project manager with Crescent Communities said the development firm plans to break ground this year.

The project will be partly funded by taxpayers, with the City Council committing to about $30 million of public investment since the project was first proposed in 2016. That has included $16.2 million in capital improvement bonds and $15 million through a through a tax increment grant subsidy — a payment based on expected future tax revenues.

The public investment has raised questions about how the project will prioritize affordable housing, and about renaming one of the major thoroughfares: Dixie River Road.


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