• TransPark Still Broke With No Way to Retire Debt

    RALEIGH — Even though the Global TransPark has landed an “anchor tenant” in Spirit AeroSystems, a Wichita, Kan.-based company that is set to start manufacturing large aircraft components later this year, government incentives to Spirit mean taxpayers will subsidize employment at GTP to the tune of $200,000 per job.

  • TransPark Nearing End

    The pathetic Global TransPark project near Kinston may finally be nearing its end, but a recent decision by the Council of State to make a costly land purchase for the TransPark should emphasize that it will take vigilance to ensure the project doesn't remain on state life support indefinitely.

  • TransPark financial risk to state overrated

    N.C. DOT officials have apparently overstated potential financial obligations in a recently released report on the Global TransPark, according to federal officials, reports Carolina Journal Associate Publisher Don Carrington. Federal airport grants to North Carolina fall under the authority of the FAA Airports District Office in Atlanta. Manager Scott Seritt told Carolina Journal that there appears to be a lot of misinformation being put out about the GTP in Kinston.

  • DOT Officials Alter TransPark Study

    N.C. Department of Transportation officials significantly reduced a detailed version of a legislative report to exclude information that the Global TransPark “is perceived as a major financial liability” and that abandonment of the “less-than satisfactory” project could spell disaster for state leaders, reports Carolina Journal Associate Publisher Don Carrington.

  • Spirit’s Job Numbers Far Below Expectations

    RALEIGH — Although the Spirit AeroSystems facility at the Global TransPark will not receive all the incentives it could have, critics call any purported "savings" beside the point. They say it's impossible to predict how a company will perform, calling into question whether economic incentives really are the key to landing out-of-state companies.

  • Audit: GTP in Bankruptcy Danger

    RALEIGH — The N.C. Global TransPark might go bankrupt because of its inability to pay an outstanding loan, according to a report released Tuesday by the Office of the State Auditor.

  • Kinston Suffers Small-Airport Fate

    RALEIGH — Kinston might be the site of the Global TransPark, but travelers wouldn’t be able to get there easily by air anymore come the new year. Delta Air Lines officials have announced that the airline will discontinue flights to Kinston from Delta’s Atlanta hub after Jan. 6.

  • FAA Disputes Legislator’s Claims

    RALEIGH — A Federal Aviation Administration official disputes a recent Triangle Business Journal story about the Global TransPark that said the General Assembly must continue providing $1.6 million in annual funding or pay back $21.6 million in federal grants. The story attributed the legislature’s position to comments made by Senate Majority Leader Tony Rand, D-Cumberland. “Rand says lawmakers concluded they had little choice but to keep the operation going. Pulling the plug now, he says, would have required the state to pony up $21.6 million to repay the Federal Aviation Administration.

  • Easley Announces New Jobs – Again

    RALEIGH — Workhorse Aviation Manufacturing will open a manufacturing plant at the Global TransPark near Kinston, Gov. Mike Easley said Wednesday. The company will create 50 jobs over the next three years and invest more than $2 million in a deal made possible in part because of $100,000 from the One North Carolina Fund, he said. But in November, Easley announced that Workhorse Aviation would locate the same project in the Trenton Industrial Park in nearby Jones County. The governor’s spokeswoman wasn’t aware of the previous announcement and couldn’t explain why the company changed locations.

  • Post-Boeing, Incentives Debate Rages

    RALEIGH — No matter how NC slices them, “targeted economic incentives” — such as the $534 million package offered to Boeing to start a new plant at the Global TransPark — discriminate against firms already in the state, both supporters and opponents of the inducements say. But they disagree on what can be done to solve the problem. “You’ve got to be competitive,” said a supportive lawmaker. “If we don’t provide jobs for our people, we’re lost.” But opponents say other policies, especially across-the-board relief for small businesses, would create more jobs.