Charlotte city council approves five-year capital plan


North Carolina Construction News staff writer

Charlotte City Council has adopted a capital investment plan for the next five years.

Supported by the Fiscal Year 2025 budget, the plan includes capital projects to accommodate expected growth, including:

  • Increasing housing bond funding from $50 million to $100 million to be dedicated to creating and preserving affordable housing—largest housing bond investment in the city’s history.
  • $300 million in transportation and neighborhood bonds—largest in city’s history.
  • $30 million to continue projects within the Corridors of Opportunity
  • $55 million for Strategic Investment Areas implementation, a new, data-driven approach to project identification that aligns mobility and infrastructure funding with the greatest need.
  • $50 million for improving sidewalks to make Charlotte a more walkable city—matching the largest commitment in program history.
  • $36.7 million, including infrastructure reimbursement for Atrium’s Innovation District and Ballantyne Reimagined.
  • $24.6 million to resurface streets, which is in addition to the $13.7 million of State Powell Bill Distribution funding dedicated to street resurfacing.
  • $14.5 million for construction of new firehouses
  • $3.5 million to expand the city’s solar capacity, electric charging stations infrastructure, and other sustainability initiatives.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.