CHARLOTTE, N.C. - Charlotte Center City Partners and U.S. Bank have reached an agreement to make the Minneapolis-based bank the lead sponsor of a long-delayed bike and pedestrian bridge connecting uptown and South End.
Executives from Center City Partners and U.S. Bank told the Charlotte Business Journal that the company is contributing $1 million to the project. A formal announcement is planned on Wednesday.
Last summer, Charlotte City Council approved the project in collaboration with Mecklenburg County and the state transportation department. At the time, the three governmental entities committed a combined $9.5 million toward the $11 million bridge, with the remaining $1.5 million to be raised privately by Center City Partners.
Michael Smith, Center City Partners CEO, told CBJ that goal has now been met, thanks in large part to U.S. Bank and some smaller private donors.
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