Business
Michael Waltrip Raceworld complex under contract to top auto dealer
By Dave Yochum. Business Today reported last week that the owners of Lake Norman Chrysler Jeep Dodge have the former Michael Waltrip Raceworld under contract for an undisclosed amount. LKNCJD owners Robin and Jack Salzman plan a new retail facility that would include a prep shop and 10,000 square feet of space for non-profits and […]
Following the money: Chase plans to build a branch in Cornelius
Aug. 5. By Dave Vieser. In an area already filled with financial institutions, Cornelius may be landing another big one. Chase Bank has its eyes on prime corner property at Jetton and West Catawba where a closed Rite Aid pharmacy stands. Chase actually intends to demolish the old pharmacy. It will also build a bank […]
Duke Energy will ramp up inspections because of Jetton outages
July 25. By Dave Vieser. Failed splices within Duke Energy’s complex duct bank system are behind several lengthy power outages in The Peninsula. A duct bank refers to a group of electrical conduits that provide pathways and protection for electrical wiring. As a result, the company is tightening up their procedures. “We have increased our […]
Aquesta 1st Quarter net soars 52 percent
April 22. Aquesta Financial Holdings, parent of Aquesta Bank, said first-quarter net rose 52 percent from $702,000 last year to $1.068 million during the three months ended March 31. Core deposits rose 30.9 percent during the same period. “We are off to an excellent start to 2019,” said CEO Jim Engel. Key highlights include loan […]
Cornelius: The $7 billion town (yes, it’s budget time)
By Dave Yochum. A war of words is under way in Cornelius as differing views on how to spend taxpayers money come to the fore during intense budgeting for the upcoming fiscal year. The first to weigh in was Commissioner Dave Gilroy who said there appears to be three votes on the Town Board “to […]
Is a tax increase inevitable?
By Dave Viser. While town officials are keeping their oinions close to the vest, the possibility that your property taxes will rise is very real, due to growing needs in public safety and parks and recreation. Higher valuations don’t automatically mean higher taxes: The rate can be adjusted down to “revenue neutral,” or a little above […]
Arrivederci Pizza Hut; Starbucks will move
Nov. 19. The old Pizza Hut on West Catawba Avenue has been demolished to make way for a new 3,237 square foot Starbucks, complete with a drive through. Said to be one of the largest Starbucks’ in the country, the new facility will replace their current location on One Norman Boulevard and West Catawba. […]
Aquesta reports lower net as portfolio of loans increases
Aquesta Financial Holdings, the parent company of Aquesta Bank, reports third-quarter net income fell from $757,000 (19 cents per share) last year to $702,000 (17 cents per share) for the three months ended Sept. 30. Jim Engel, CEO, said loan and deposit growth were good, despite the fact that earnings were muted due to larger […]
Burn Boot Camp buys office in Cornelius for headquarters
June 3. By Dave Vieser. Burn Boot Camp, a nationwide exercise franchise designed specifically for women, has purchased a 20,000 square foot building at 17036 Kenton Drive for $3.15 million. The building, formerly occupied by Carolina Woman, will be Burn Boot Camp’s U.S. headquarters. Owners Devan and Morgan Kline, who have 300 fitness centers around the country […]
Pike expects to blossom in Cornelius
April 19. UPDATED. Pike Nursery will open April 26 on the rapidly developing stretch of Statesville Road/Highway 21 in Cornelius just north of Bailey Road. This is Pike’s third location in the Charlotte area and its 18th in the Southeast. Local demographics easily support the business, which is just north of two big-box retailers with […]
