Some residents lean towards tax rate hike for city improvements
CHARLOTTE, N.C. —
A plan to raise taxes to pay for city-wide improvement projects is growing in east Charlotte.
On Sunday, a long-time champion of development in east Charlotte said she supports the plan.
Louise Woods, a former Charlotte city councilwoman for District 5 said the proposed capital improvement program is key to revitalization. She's currently a member of the Eastland Area Strategies Team.
Other members of the group also voiced their support Sunday.
"It really can create the type of energy and economic development that's necessary," Woods said.
The plan would funnel about $92 million into improving the East-Southeast corridor. The money would improve the streetscape along Monroe Road. It would set aside money for public and private redevelopment opportunities and even make roadway improvements.
The plan would also redevelop Bojangles Coliseum and the areas around it. Some property owners said they would be willing to pay the 8 percent property tax increase.
"East Charlotte has been suffering for a while and its important to do something to upgrade this part of town," said Margie Ayers.
Others said a sales tax increase would accomplish the same goals.
"I just think it's fair for everyone that spends money in this area to contribute to the improvements," said Greg Parker.
The plan would also pay for about $926 million worth of improvements citywide.
Leaders still have to vote on the plan. They are slated to adopt a budget in a meeting on June 11.