I-77 Business Briefing Wednesday Night in Huntersville: The Economic Toll of a Fifty Year Blunder

Published Tuesday, August 21, 2018 9:12 pm
by russell@lakenorman.org (Bill Russell)

Logo VertI-77 Business Briefing
Where: Comfort Suites 14510 Boulder Park Drive Huntersville
When: Wednesday, August 22nd 7:00 - 8:15 pm
Contact: Bill Russell 704-650-8987 cell


The Economic Toll of a Fifty Year Blunder

A Financial Analysis on the Devastation the Cintra Contract will have on the Lake Norman Region

The Lake Norman Chamber of Commerce, representing 950 businesses in the Huntersville, Davidson, Cornelius, and greater Lake Norman region, will host a business briefing on the costs and economic impact the planned tolls lanes will have on business and industry in the Charlotte ? Lake Norman area. The presentation will take place this Wednesday, August 22nd at 7:00 pm at the Comfort Suites Lake Norman located at 14510 Boulder Park Drive in Huntersville.

Presenting the financial case is Mecklenburg County Commissioner Jim Puckett and John Hettwer, President and CEO of Payroll Plus. Both are members of the I-77 Policy Advisory Group which met last week at the Chamber to hear a presentation by North Carolina DOT Secretary Jim Trogdon.

Commissioner Puckett will review the path offered by the Department of Transportation and discuss the positive progress made to date by NC DOT and the Advisory Group as well as the actions needed on the path moving forward.

John Hettwer, a former Board Chair of the Chamber added, ?The I-77 Business Plan, working in conjunction with the chamber, feels it is imperative to keep the public informed. An engaged and vocal public is critical as we continue to resolve this regional challenge.?

Bill Russell, president of the Chamber, points to the I-77 project as more than a transportation and quality of life issue for the communities and citizens of Lake Norman. ?There is little question surrounding the impact I-77 congestion has had on business and commerce for some time. At long last the General Assembly and NC DOT recognize this project does not solve the congestion issue. The recent unanimous votes in both the House and Senate to cancel this project indicate state lawmakers see this as a nonpartisan issue hurting our region.?

David T. Hartgen, Emeritus Professor of Transportation Studies at UNC Charlotte, stated in a July 28, 2015 Affidavit, that the total direct costs of the toll lanes over the life of the contract would have a $33.84 billion negative impact or roughly 6% of the Total Corridor GDP (excluding inflation and a faster corridor growth than anticipated).

The meeting is open to the public. For more information contact the Lake Norman Chamber of Commerce at 704-892-1922.