News

Development & Infrastructure

Rockingham approves rezoning for proposed $1.2 billion data center

ROCKINGHAM - City Council voted 4-1 to approve conditional rezoning for a proposed $1.2 billion, four-building data center campus on 165.07 acres.

September 16, 2026

Companies & People

Charlotte lands WTA headquarters, Finals with $14.4M state grant

CHARLOTTE - The Women's Tennis Association will move its global headquarters to Charlotte, which also will host the WTA Finals from 2027 through 2029 with a $14.4 million…

September 16, 2026

Companies & People

Former Sheraton Raleigh owner files Chapter 11 after $27.75M sale

RALEIGH - Raleigh Hotel XXIX Owner LLC, the former owner of the Sheraton Raleigh, filed for Chapter 11 bankruptcy months after selling the downtown property for $27.75 million.

September 16, 2026

Development & Infrastructure

Palmer Donavin leases 225,000 square feet at Butner industrial park

BUTNER - Building materials distributor and door fabricator Palmer Donavin has leased a 225,000-square-foot build-to-suit facility at Falls Lake Industrial Park, becoming the project's first tenant.

September 16, 2026

Companies & People

Carvana plans about 100 jobs at Charlotte inspection center

CHARLOTTE - Carvana plans to add inspection and reconditioning operations to its existing ADESA Charlotte site, a move expected to create about 100 jobs.

September 16, 2026

Government & Business

Statesville enacts 180-day moratorium on new data center applications

STATESVILLE - City Council enacted a 180-day pause on accepting, processing or approving new data center applications while officials review local development rules.

September 16, 2026

Development & Infrastructure

NCRR commits $250,000 to Atlantic Packaging’s Tabor City rail spur

TABOR CITY - The North Carolina Railroad Company will invest up to $250,000 in a rail spur for Atlantic Packaging’s planned $5 million-plus expansion, which is expected to…

September 16, 2026

Companies & People

Harris Teeter plans $253 million Charlotte-region store investment

MATTHEWS - Harris Teeter plans to invest approximately $253 million over three years to modernize Charlotte-region stores and develop three new locations.

September 15, 2026

Government & Business

Charlotte weighs I-77 toll-lane reversal against $59M-$69M repayment

CHARLOTTE - City officials are weighing whether to restore support for the I-77 South toll-lane project as NCDOT says Charlotte could owe $59 million to $69 million if…

September 15, 2026

Economy & Workforce

North Carolina diesel average reaches record $6.05

RALEIGH - North Carolina's average diesel price reached a record $6.0518 per gallon Sept. 15, up 74.8% from a year earlier as fuel costs increased for diesel-dependent industries.

September 15, 2026

Development & Infrastructure

Glenwood South bar sites proposed for zoning up to 40 stories

RALEIGH - Two Glenwood South bar sites are the subject of a pre-submittal proposal that would raise allowable building height from seven to 40 stories.

September 15, 2026

Economy & Workforce

Fitch rates CaroMont’s planned $171 million bond issue AA-

GASTONIA - Fitch Ratings assigned an AA- rating with a stable outlook to about $171 million of planned CaroMont Health bonds, with $150 million earmarked for the health…

September 15, 2026