Property Values

By Nathan Griffin
Charlotte’s aging buildings are being torn down at an alarming rate, the product of a fast-growing population and strong real estate market.

Some were fine examples of classic architecture, like the long since demolished Masonic Temple on South Tryon, an Egyptian Revival-style building from 1914, or Mecklenburg County’s first main library, built in 1903 with a grant from Andrew Carnegie.

Others were notable for their cultural and historical connection — for instance, the recently demolished library and auditorium at Central Piedmont Community College’s central campus, which provided a community resource for learning and gathering. When these buildings are destroyed, some small part of the character and history of the city is lost with them [ …]

There’s a growing consensus that if we want to get out of the housing affordability mess we’re in, we need to hear a lot more swinging hammers. While local governments, including in Charlotte, have raised more money to subsidize affordable apartments and low-income rent payments, the scale of the problem is daunting. Mecklenburg County is […]

It’s a familiar story: A new transit line opens, spurring gentrification in nearby neighborhoods and pushing out long-time residents. But is that always what happens? New research from Dr. Elizabeth Delmelle, Dr. Isabelle Nilsson, Dr. Claire Schuch, and Tonderai Mushipe – all from UNC Charlotte’s Department of Geography and Earth Sciences – shows that the […]

Charlotte saw a boom of low-cost, single-family subdivisions from the late 1990s until a recession hit in 2007. In a new research article, two scholars conclude that many of those subdivisions, touted as “affordable housing,” did not improve life for the lower-income households who moved in. They characterize the unfortunate outcomes of some of those […]

An artists’ colony in downtown Gastonia? Sounds far-fetched. But after studies, surveys and a yearlong fundraising campaign, it’s getting closer to reality. In May, the Community Foundation of Gaston County signed a pre-development contract with Artspace, a Minneapolis nonprofit that builds and maintains affordable live-work units for artists, to build a project in Gastonia by […]

Photos by Nancy PierceClick here to read related story.

The headquarters of the Internal Revenue Service in Washington bears a quote from former U.S. Supreme Court Justice Oliver Wendell Holmes: “Taxes are what we pay for civilized society.” Given the sticker shock many of us received when we opened our property revaluation notices, I imagine plenty of folks wouldn’t mind our society being a […]

Is it prescient and forward-thinking for the city to encourage subsidized housing at rapid transit stations in coming decades? Or would that be the nail in the coffin, killing any near-term chance to halt a pattern of sinking property values near some of those stations, especially in troubled parts of east and northeast Charlotte? Two […]

Efforts to construct subsidized apartment complexes in two South Charlotte neighborhoods were recently abandoned after Ballantyne and Ayresley residents raised concerns that the proposed projects would have a detrimental impact on surrounding property values by overburdening public infrastructure and increasing crime. The failure of these real estate ventures has been described by some as the […]