• State Offered Boeing $534M at GTP

    RALEIGH — North Carolina offered Boeing more than $534 million — “probably” the state’s largest incentives package, officials said — if the aircraft manufacturer would build its new 7E7 jetliner at the Global TransPark in Kinston. Information about the state’s 20-year proposal was released Monday by the Commerce Department after Carolina Journal prepared to file a lawsuit and other newspapers requested documents about the package. Included in North Carolina’s incentives were 539 acres of land, valued at $10.8 million, and $280 million in tax-exempt bonds for a building provided by the state and “a third party.”

  • Boeing Offer Was At least $93M

    RALEIGH — North Carolina offered Boeing at least $93 million in incentives to build the aircraft company’s proposed 7E7 Dreamliner at the Global TransPark in Kinston, a state Commerce Department official said Friday. The incentives, offered under the William S. Lee economic development act, included estimated tax credits of $65 million and $28 million for a job development investment grant. The grant carried a requirement that Boeing provide 1,200 jobs if the company built its plant at Kinston.

  • College kids take over GTP

    The latest plan to keep the Global TransPark alive was unveiled Thursday at a forum in Greenville, reports Carolina Journal Associate Publisher Don Carrington. Isaac Manning, a consultant recently hired by the GTP Foundation, told a select group of invitees to the forum that a team of five college students is developing a business plan for the project. The students working on the project also doubled as well-dressed parking attendants who greeted them in the parking lot before the event, forum attendees interviewed by CJ said.

  • DOT betting Ocracoke travelers will abandon cars in favor of boat ride

    North Carolina is betting on an expensive project to increase consumer spending in a small area of the state, and this time it’s starting with a $6 million down payment. The N.C. Department of Transportation’s Ferry Division is counting on ferrying enough travelers to Ocracoke Island, hoping they’ll leave their…

  • Two anniversaries offer reminders of N.C. government economic mistakes

    From Carolina Journal Radio Program No. 749: Carolina Journal has spent more than 25 years exposing government boondoggles. CJ recently revisited two of the most prominent ill-fated projects that left taxpayers on the hook. Editor-in-Chief Rick Henderson discusses the 10-year anniversary of the failed Randy Parton Theatre in Roanoke…

  • Carolina Journal Radio No. 749: Revisiting major N.C. boondoggles

    Carolina Journal has spent more than 25 years exposing government boondoggles. CJ recently revisited two of the most prominent ill-fated projects that left taxpayers on the hook. Editor-in-Chief Rick Henderson discusses the 10-year anniversary of the failed Randy Parton Theatre in Roanoke Rapids and the 25-year anniversary of the disappointing…

  • 2017 state budget: Transportation

    The House budget includes more than $3 billion in transportation funding each year of the biennium, in addition to the General Fund appropriations for other state operations. In 2017-18 the House budgets $2.26 billion in transportation-related taxes and fees to the Highway Fund, which pays for…

  • NCGA roundup: Good fiscal news from legislative analysts

    RALEIGH — The General Assembly’s top economist on Tuesday told legislative budget writers that the state had a “steady as we go” economy that is now faring better than most other states. “We now have reached a point where we are now surpassing…

  • Rural North Carolina Seeking Answers

    First, we must accept the obvious — if there were some easy cure to what ails rural North Carolina, then state and local government officials and community leaders would have acted long ago.