The Good News Report

[KJHburg]

this is CLT airport news but really good news so I will put it here.

Erik Spanberg
@CBJspanberg
·
@CLTAirport
 to announce "record-breaking passenger and operation numbers" on Tuesday. CLT passenger traffic reached an all-time high of 46.4 million in 2019

[Rufus]

18 hours ago, KJHburg said:

this is CLT airport news but really good news so I will put it here.

Erik Spanberg
@CBJspanberg
·
@CLTAirport
 to announce "record-breaking passenger and operation numbers" on Tuesday. CLT passenger traffic reached an all-time high of 46.4 million in 2019

I doubt, but I hope that its 50 million. That's too much of an increase over the last year, but would be a great selling point. 

[CltFlyer]

Through November.  CLT was already 3.1 million ahead of last years number's through November.    It may not be 50 million, but it's going to be really close.   If you use a growth rate of 7.25% (the average of enplanement/deplanement growth rates this year thus far)  on last year's number of 46,444,380.  It projects to 49,811,598

https://assets.ctfassets.net/jaw4bomip9l3/bzBcxhuI56RhvQpdat06e/055dee0576c9463f4f0a95dcb18f8952/Pages_from_1119_November_2019.pdf

Edited February 28, 2020 by CltFlyer

[atlrvr]

Coronovirus is going to definitely slow travel.

[thenewkage95]

Coronovirus is going to definitely slow travel.

Not more than mad cow, MRSA, swine flu, zika, and ebola all in the last decade or so.


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[atlrvr]

6 minutes ago, thenewkage95 said:

Not more than mad cow, MRSA, swine flu, zika, and ebola all in the last decade or so.


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Well, since you mentioned it, this is most similar to SARS, which saw the outbreak start February 2003....I don't know what else could have dampered demand and the economy was fine, so I'll suggest the Charlotte airport traffic count suggests exactly that.......good news, next year should be good.

2000	23,073,894	2010	38,254,207
2001	23,177,555	2011	39,043,708
2002	23,597,926	2012	41,228,372
2003	23,062,570	2013	43,456,310
2004	25,162,943	2014	44,279,504
2005	28,206,052	2015	44,876,627
2006	29,693,949	2016	44,422,022
2007	33,165,688	2017	45,909,899
2008	34,739,020	2018	46,444,380
2009	34,536,666	2019

 

[QCxpat]

Today's CBJ  -  "CBJ Morning Buzz:  Why the QC rates as a top "underrated" travel destination" by Jen Wilson

Excerpt:  "If you're thinking about saving a little cash and opting for a staycation rather than a trip to some international destination such as Croatia or Montenegro, you're in luck.  The Queen City joins those locales and two dozen others on a list from BuzzFeed of "27 Underrated Places that Belong on your Bucket List."  "Between botanical gardens, breweries, history tours, ghost tours, and an amazing food scene, Charlotte is one US city that offers it all,"  the blurb about the QC reads.  "Plus, a ton of flights connect through Charlotte Douglas International Airport — which means that you can easily take a (sneaky) day trip whilst on your way somewhere else."  The website's recommendations for hotel accommodations are the Embassy Suites by Hilton Charlotte Uptown, The Ballantyne or The Westin Charlotte.  The Ballantyne also received a recent nod from Forbes Travel Guide 2020 edition, along with The Ritz-Carlton, Charlotte, the latter of which just snagged a Five Diamond rating from AAA."  "Charlotte's "amazing" culinary offerings and brewery scene were among the highlights noted by BuzzFeed, which named the city among 27 "underrated" travel destinations."  Photo -  FIREBIRDS Wood Fired Grill

          

 

Edited March 3, 2020 by QCxpat
misspelling

[CLT2014]

The Charlotte metro officially gained another Fortune 500 headquarters as the new Ingersoll Rand  completed its merger with Gardner Denver and is based on the Davidson campus. It will have $6.6 billion in revenue to qualify for the Fortune 500. While Ingersoll Rand has had their North American HQ in Davidson for years, it did not officially rank as a Fortune 500 HQ for Charlotte since the headquarters was technically Ireland for tax purposes. With the merger, Davidson is now the global HQ. The Trane Technologies division that becomes a separate public company will continue to be headquartered in Ireland with their North American HQ on the Davidson campus. 

https://www.bizjournals.com/charlotte/news/2020/03/02/whats-next-as-ingersoll-rand-trane-technologies.html

Between Honeywell, Truist Financial, and Ingersoll Rand, Charlotte will gain 3 headquarters on the next Fortune 500 report. 

Edited March 4, 2020 by CLT2014

[Rufus]

15 minutes ago, CLT2014 said:

The Charlotte metro officially gained another Fortune 500 headquarters as the new Ingersoll Rand  completed its merger with Gardner Denver and is based on the Davidson campus. It will have $6.6 billion in revenue to qualify for the Fortune 500. While Ingersoll Rand has had their North American HQ in Davidson for years, it did not officially rank as a Fortune 500 HQ for Charlotte since the headquarters was technically Ireland for tax purposes. With the merger, Davidson is now the global HQ. The Trane Technologies division that becomes a separate public company will continue to be headquartered in Ireland with their North American HQ on the Davidson campus. 

https://www.bizjournals.com/charlotte/news/2020/03/02/whats-next-as-ingersoll-rand-trane-technologies.html

Between Honeywell, Truist Financial, and Ingersoll Rand, Charlotte will gain 3 headquarters on the next Fortune 500 report. 

Not sure bc Ingersoll-Rand is technically HQ'd in Ireland, which is why it wasn't on past F500 lists. I wonder if the new IR and Trane will be listed. 

[Blue_Devil]

Just now, Rufus said:

Not sure bc Ingersoll-Rand is technically HQ'd in Ireland, which is why it wasn't on past F500 lists. I wonder if the new IR and Trane will be listed. 

It says Charlotte in the Article.

[Rufus]

30 minutes ago, Blue_Devil said:

It says Charlotte in the Article.

Yes, the corporate headquarter positions are in Charlotte, but the legal domicile of the business is incorporated in Ireland. Tons of US companies do this. So, it's less of a HQ in name, but definitely a win in action. If it's in name too, that's great for bragging rights. 

[CLT2014]

30 minutes ago, Rufus said:

Yes, the corporate headquarter positions are in Charlotte, but the legal domicile of the business is incorporated in Ireland. Tons of US companies do this. So, it's less of a HQ in name, but definitely a win in action. If it's in name too, that's great for bragging rights. 

The NEW Ingersoll-Rand is separating from legacy Ingersoll Rand (which is now Trane) and will be based in the USA. This is a relatively complex merger. Current Ingersoll Rand that is based in Ireland is selling a portion of itself to Gardner Denver that is based in Wisconsin. Then Gardner Webber will move its HQ to Davidson, remain based in the USA, and rename itself "Ingersoll Rand" with $6.6 billion in revenue. The legacy Gardner Denver CEO will become CEO of the "NEW" Ingersoll Rand based in Davidson.  So think of it as USA based Gardner Denver taking over a portion of Ingersoll Rand, taking their name, and moving their global HQ from Wisconsin to Davidson.

Then the portion of Ingersoll-Rand that is not merging into Gardner Denver will remain headquartered in Ireland and they will lose the name Ingersoll Rand and become "Trane Technologies" with the former CEO of the combined Ingersoll Rand leading the legacy Trane business that will remain based in Ireland, with a North America HQ in Davidson.

Hence one company remains based in Ireland and the other company moves from Wisconsin to Davidson. 

Edited March 4, 2020 by CLT2014

[go_vertical]

[Matthew.Brendan]

Team News Special: From the CEO - Minimum wage

We will raise minimum hourly pay levels in majority of U.S. markets

3/4/2020

By Charlie Scharf, CEO

Our people are what set Wells Fargo apart. We have an obligation to help our employees reach their potential, and an important part of this is ensuring we are doing our part to pay employees at a rate that recognizes the difference in cost of living across the country.

In recent years, Wells Fargo has increased its minimum hourly base pay in the U.S. by 32%, most recently to $15 in March 2018. Today, I am pleased to announce our company will be raising minimum hourly pay levels in a majority of our U.S. markets. Minimum pay will be tiered based on various factors, including the cost of living in different markets, with the minimum hourly pay ranging from $15 to $20 based on employee location. The pay increases will go into effect by the end of this year.

The amount of the hourly increase takes into account the cost of living in each Wells Fargo market. Market area 0 will increase to $20 per hour; area 1 to $18; area 2 to $16; and area 3 will remain at $15

 

<snip>

 

per the WF area lookup tool, Charlotte is Market Area 2

[KJHburg]

Charlotte has some of the cleanest houses in America good job Charlotteans!

https://magazine.realtor/daily-news/2020/03/10/cities-with-the-cleanest-homes

Interesting who the bottom 3 are LOL. 

[KJHburg]

this company quietly moved their HQ to Charlotte after their Durham HQ was destroyed in that gas leak blast in downtown Durham.  

The top execs are here the company moved to Durham from Colorado I think and they have a plant in Mebane.  this is about a new product they have. 

https://www.globenewswire.com/news-release/2020/02/27/1991765/0/en/Prescient-Receives-Seismic-Certification-by-the-International-Code-Council-Evaluation-Service.html

[KJHburg]

this is good news and I hope the church can work this out for their affordable housing project uptown.

https://www.wfae.org/post/uptown-charlotte-church-wants-build-affordable-housing#stream/0

[Guest]

this is good news and I hope the church can work this out for their affordable housing project uptown.
https://www.wfae.org/post/uptown-charlotte-church-wants-build-affordable-housing#stream/0

This was mentioned a few years back on this board by someone that works for the church. I’ve heard parking requirements are a big hurdle for this project, the city is requiring $20M worth


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[KJHburg]

35 minutes ago, Tyree Ricardo said:

This was mentioned a few years back on this board by someone that works for the church. I’ve heard parking requirements are a big hurdle for this project, the city is requiring $20M worth


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looks like the city should or could waive that if some garage nearby allows for some leasing of spaces.  uptown is one of the few places in town you could live without a vehicle for sure. 

[jjwilli]

Great for the church to be stepping up like they are... but that is the child care center for my kids!  There is already a garage  "attached" to that area tied to the 525 N Tryon office building (the "hut" next to the playground is an elevator). However, it is not a very big garage with only 3 or four levels underground. Seems like they could make something work.

[JHart]

.

Edited March 13, 2020 by JHart
NVM

[Guest]

4 minutes ago, JHart said:

.

now I got FOMO

[JHart]

4 minutes ago, Tyree Ricardo said:

now I got FOMO

It was questioning if this was prior to the new TOD zoning requirements. The article said multi-use development that would hopefully fall under reduced requirements

[Guest]

29 minutes ago, JHart said:

It was questioning if this was prior to the new TOD zoning requirements. The article said multi-use development that would hopefully fall under reduced requirements

This is UMUD which for some reason still has parking requirements.

[pathb]

14 hours ago, Tyree Ricardo said:

This was mentioned a few years back on this board by someone that works for the church. I’ve heard parking requirements are a big hurdle for this project, the city is requiring $20M worth
 

Oh man what a huge mistake.  Hopefully the City can make changes quickly.  I think if they could offer transit passes to residents instead, the optics of that would be *excellent* as a move that is pro-urbanism, pro-environment, and pro-affordable housing.  Reducing the need for working class people to buy, maintain, and park expensive vehicles should be a completely compatible goal with affordable housing in Uptown.