Tag:Global TransPark

  • 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…

  • 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…

  • 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.

  • 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.

  • 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…

  • 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.

  • 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…

  • 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…

  • 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.