Chiquita will hold its annual shareholders meeting in Charlotte for the first time Thursday. It's a sign the company's relocation from Cincinnati is complete – and it's an opportunity to take a look at what Charlotte taxpayers got for the generous tax incentives they gave Chiquita.
Carolina Panthers owner Jerry Richardson thanks the Charlotte City Council for committing tax dollars to renovate the stadium at a final meeting approving the deal on April 22, 2013.
Most of the Charlotte City Council's debate and deliberations about spending tax dollars on a renovation of Panthers' Stadium happened behind closed doors. That's pretty common when a city is hashing out economic incentives. But this case stands out because the Panthers were given unprecedented access to the council's process.
Iron Man 3 – one of the most expensive films to ever come out of North Carolina – hit theaters Friday. It received $20 million in state incentives and lawmakers are now debating a bill that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.
Developers of a proposed outlet mall in southwest Charlotte want the city and county to pitch in up to $6 million for streets and utilities. The request goes before the city council Monday night and will be in the Mecklenburg County Commission's hands Tuesday. WFAE's Julie Rose explains:
The city and county are increasingly being hit up by developers for what's called a "tax increment grant."
