News

Charlotte real estate execs on HB2: “It needs to go away.”

This week a group of Charlotte real estate executives held a 2017 market forecast – and continued to see HB2 as a problem on the horizon.

From the Charlotte Observer:

“It’s idiotic, and it needs to go away,” said Wyatt Dixon, managing principal at apartment developer Proffitt Dixon. He said an investor on an undisclosed deal recently got as far as giving them a term sheet before declaring “We’re out” after HB2 passed and backlash began.

None of the real estate executives at the Bisnow forecast said HB2 is completely destroying the city’s momentum, and key market segments such as apartments and office space are expected to keep growing in Charlotte. But the executives on two separate panels all agreed HB2 is hurting the state and making their jobs harder.

“We’ve lost an intangible,” said Jensie Teague, of Selwyn Property Group. He said Charlotte now compares less favorably with peer cities such as Austin and Nashville. “We need to get that back.”

Governor Roy Cooper says he’s working on a new run at a repeal, talking with GOP leaders in the General Assembly. The N.C. House and the N.C. Senate go back into session Jan. 25.

Check Also

New Elon Poll looks at NC views on opioid crisis

If you’ve followed NC Policy Watch’s ongoing coverage ...

Top Stories from NCPW

  • News
  • Commentary

A pivotal legislative task force may be just beginning its dive into North Carolina’s school funding [...]

The controversy over “Silent Sam,” the Confederate monument on UNC’s Chapel Hill campus, has been ra [...]

North Carolina tries to mine its swine and deal with a poop problem that keeps piling up A blanket o [...]

This story is part of "Peak Pig," an examination of the hog industry co-published with Env [...]

Republicans in Congress are rushing to advance a tax reform bill that balloons the federal deficit s [...]

The post Charitable donations and the GOP’s chopping block appeared first on NC Policy Watch. [...]

13---percentage of households in the U.S. that were food insecure on average from 2014-2016. Meaning [...]

Five years ago, the U.S. Department of Justice (DOJ) filed a jaw-dropping civil rights lawsuit again [...]

Spotlight on Journalism

We invite you to join a special celebration of investigative journalism! The evening will feature Mike Rezendes, a member of the Pulitzer Prize-winning Boston Globe Spotlight Team known for their coverage of the cover-up of sexual abuse in the Catholic Church.

Tickets available NOW!

Spotlight On Journalism

This event will benefit NC Policy Watch, a project of the North Carolina Justice Center. Sponsorship opportunities available now!

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more