Charlotte city council approves five-year capital plan

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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.

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