Alliance News November 4, 2020

Charlotte Votes YES! Charlotte’s Three City Bond Packages All Pass In 2020 Election

CHARLOTTE (November 3, 2020) – The Charlotte Regional Business Alliance is thrilled to announce the passing of the $197.2 million bond referenda package in the November 3 election. The bonds will fund construction and revitalization of transportation corridors including streets and sidewalks, more affordable housing, and improvements to neighborhoods in established and emerging high-growth areas.

“Tonight’s passing of the City bonds sends a clear message: Charlotte must continue making the necessary investments in our infrastructure.  These bonds will provide funding for key projects that help with the city's growth in vital areas. Voters’ support for the 2020 bond referenda package shows our community is committed to creating a better future for our city,” said Alliance Senior Vice President, Government Affairs, Joe Bost. “This is a tremendous victory for our city and the greater region for sustaining Charlotte’s reputation as a great place to live, work and do business.”

All three bonds passed on the November 3 ballot allocating $102.7 million for transportation, $50 million for affordable housing and $44.5 million for neighborhood improvements.

Leading the 2020 Bonds campaign were cochairs Kieth Cockrell, Global Technology & Operations Chief Operating Officer of Bank of America and Angela Yochem, executive vice president and Chief Digital & Technology Officer at Novant Health of Novant Health.

“We are so appreciative of Kieth and Angela’s leadership in the Vote Yes for City Bonds campaign. We want to thank all of our business leaders, investors and community partners who helped bring this to fruition,” said Alliance CEO and President, Janet LaBar.  “The Charlotte Regional Business Alliance team has championed and advocated for these efforts for more than a decade, and we are proud to continue leading the endeavors that support our infrastructure and better our community.”

The 2020 bond referenda packages are the fourth to pass with similar bond packages passed in 2014, 2016 and 2018 by an average of more than 70%.

 

 


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