THIS JUST ADDED 6/30/11: North Carolina is ranked as the #3 best state for businesses by CNBC! Yes, as shocking as this may be, I actually have some very good news to share with you all; mostly related to our Lake Norman area economic present and future. Probably the most exciting news this past week was the announcement that California water bottling company Niagara Bottling LLC plans to build a $45 million plant in Mooresville to serve as their Mid-Atlantic distribution center. The plant will be built on 60-acres in the Mooresville Business Park and will employ 66 people when it opens in early 2012. Mooresville was chosen over sites in Ohio, Pennsylvania, New York, Virginia and West Virgina according to an article in the Mooresville Tribune. In a second article in the Mooresville Tribune they focused on the “huge” revenue expected to be generated from this facility including $425,000 per year in water revenue as stated by Mayor Pro Tem Chris Carney. Another good news item is this week’s unveiling of Mooresville’s Campus of Mitchell Community College’s $5 million classroom addition. This addition is the third in recent years reflecting the growth in our greater Mooresville and Lake Norman communities. According to the Mooresville Tribune, this building will include “two science labs, a cyber cafe, 12 staff offices, 14 classrooms and a multi-purpose auditorium/lecture hall allowing the center to seat another 1200 students.” 70 parking spaces were also added. As excitement grows for the 25-diamond baseball complex America’s Park being built in Mooresville, the Town of Mooresville is looking at expanding the original Cornelius Road Small Area Plan including an emphasis on “service” businesses, restaurants, hotels, and most importantly plans to create an I-77 interchange at Cornelius Road. Land clearing has begun at the long anticipated Langtree at the Lake development. You can see it from the south bound lanes of the I-77. Construction is now slated to begin this fall. We’ve heard this before so we will have to wait and see! Taking a glimpse into the future of our Lake Norman area, Charlotte/Gastonia/Concord metropolitan area is ranked 10th in the “Top 10 real estate boomtowns: 2020” in the country according to census data projections form the data analysis firm Proximity One. Yes, our Lake Norman real estate market is still struggling but it is nice to share some signs that the future is bright!
Other Articles of Interest