• Global TransPark expanding, but overall investment still lags badly

    A $55.7 million expansion by the N.C. Global TransPark’s anchor tenant would bring that company’s total investment to less than half of what then-Gov. Mike Easley promised in 2008. Wichita, Kansas-based Spirit AeroSystems is the world’s largest independent supplier of commercial airplane assemblies and components, and it’s one of just…

  • Global TransPark owes big money

    An inquiry from a first-term state House member revealed that the Global TransPark has an $11.2 million outstanding loan, information which was not part of the study recently presented to a legislative committee inquiring about the future viability of the GTP, reports Carolina Journal Associate Publisher Don Carrington.

  • Global TransPark: Flying Erratically and Below the Radar

    When Charles Edwards took over as the latest executive director of the Global TransPark, he told The Free Press of Kinston, “I’m overwhelmed and trying to figure out what I’ve gotten into.” Carolina Journal’s Don Carrington says his comments seem to reflect what so far has been a confusing year for the GTP. There have been conflicting studies, conflicting proposals for the use of the facility, and perhaps most confusing: conflicting and ever-changing leadership.

  • Global TransPark: Proposal Letter to U.S. D.O.T.

    Imagine: You and your family board a jetliner at the Global TransPark in Kinston for a trip to Disney World. Halfway onto the plane, you hear an explosion. Out on the Tarmac you see masked men brandishing weapons, surrounding another airplane. Surprise: Make-believe terrorists have commandeered a nearby flight. That scenario could become reality if proposals by state officials are accepted by the U.S. Department of Transportation, reports Carolina Journal Associate Publisher Don Carrington.

  • Could another strategic plan boost the TransPark?

    A quarter-century after its launch, the Global TransPark continues searching for a strategic plan that works. The General Assembly in June ordered the North Carolina Global TransPark Authority to develop another strategic plan for its underperforming industrial park and deliver the plan to a transportation oversight committee by…

  • Audit Documents TransPark’s Massive Debt

    RALEIGH – The N.C. Global TransPark Authority had an outstanding loan balance of more than $38 million for the fiscal year ending June 30, 2010, and insufficient operating cash to repay it when it comes due on Oct. 1, concluded an audit commissioned by State Auditor Beth Wood that she released Friday.