City Council to vote on convention center design agreement on Sept. 25

Britt Clampitt
brittany.clampitt@charlottenc.gov

CHARLOTTE, N.C. (Sept. 11, 2017) – The Charlotte City Council received a presentation Monday on the Charlotte Convention Center's long-term needs, including investments for additional and reconfigured meeting space, enhanced technology and increased connection to Uptown hospitality and tourism locations and amenities.

In January, City Council allocated $1.6 million to the Charlotte Regional Visitors Authority (CRVA) to fund a contract with tvsdesign for schematic design, cost estimates and related CRVA expenses for proposed convention center improvements. Schematic design is now complete and the city and the CRVA, which is responsible for managing the facility, are ready to complete the design.

On Sept. 25, City Council will vote to approve an agreement with the CRVA to proceed with final design and preconstruction services up to $8.5 million. Funding for the Charlotte Convention Center project will come from a future debt issuance repaid entirely from dedicated hospitality and tourism taxes.

The council will be asked to approve a full construction contract in late 2018. Construction is expected to be completed in early 2021.     

The hospitality market and convention and meeting industry have evolved in recent years. Hotels are less reliant on convention events, and convention facilities are less exhibit-focused and more meeting-focused, with a higher emphasis on attendee experience. Facility improvements will respond to these new industry standards, maximizing the economic potential of the Charlotte region through visitor spending.

Other items

Camp North End infrastructure reimbursement

City Council received a presentation Monday on infrastructure reimbursement for the Camp North End development project.

City staff and the developer of the Camp North End site have discussed a partnership opportunity to use a portion of the Applied Innovation Corridor Community Investment Plan funds to reimburse the developer up to $15 million for public infrastructure improvements.

At build-out, the Camp North End redevelopment could include up to 280,000 square feet of retail and entertainment space, 1.5 million square feet of office space and 1,500 multifamily units. By the end of the second phase of development, the developer will provide at least 7 percent of the total units available to be affordable for households earning up to 80 percent of the area median income. In total, the development is estimated to increase the tax base by nearly $600 million.

This public-private partnership will enhance the City of Charlotte's equitable economic development initiative by broadening employment opportunities through a workforce development plan, which will increase access to economic mobility and advancement, and a Minority, Women and Small Business Enterprises (MWSBE) utilization commitment of at least 10 percent for all public infrastructure improvements related to the agreements. 

Council members will be asked to approve a memorandum of understanding for the project at the Sept. 25 business meeting.

River District infrastructure reimbursement

City Council received a presentation Monday on infrastructure reimbursement for the River District development project.

City staff and the River District development team have discussed the developer's request for financial participation in public infrastructure improvements through two infrastructure reimbursement agreements. 

Through the Tax Increment Grant Program and the Community Investment Plan, the city will reimburse up to $16.2 million for the completion of the West Boulevard extension project and up to $15 million for the completion of Garrison Road and Dixie River Road. The developers will provide $30 million, for a total phase one infrastructure investment of $61.2 million.

This first phase of development includes 1 million square feet of office and retail space, a hotel and 900 residential units. The developers will provide 85 units at rental rates affordable for households earning up to 80 percent of the area median income. This phase of the project is expected to increase the tax base by $422 million.

This public-private partnership will enhance the City of Charlotte's equitable economic development initiative by broadening employment opportunities through a workforce development plan, which will increase access to economic mobility and advancement, and a Minority, Women and Small Business Enterprises (MWSBE) utilization commitment of at least 10 percent for all public infrastructure improvements related to the agreements. 

City Council will be asked to approve a memorandum of understanding for the project at the Sept. 25 business meeting.

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