"The Charlotte City Council has said building affordable
housing is one of its highest priorities, especially in the wake of the
civil unrest after the Keith Lamont Scott shooting.
"But a
proposed taxpayer-supported development near uptown raises questions
about the council’s commitment to low-income housing, and whether the
city will come close to its goal of building 5,000 subsidized units in
three years.
"Developer Peter Pappas is planning a $200
million mixed-use project near Pearl Street Park, just outside of
Interstate 277. The project would include a 170-room hotel, retail,
office and 250 apartments.
No affordable units are planned.
"And
the city and county haven’t made it a requirement – despite a tentative
agreement that calls for taxpayers to give the developer roughly $4.4
million in tax rebates."
Affordable housing is a city priority. Developer may get millions without including it.
Choose how you look at reality wisely. Yes, it is a binary choice.
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SCIENCE JUSTIFIES ITSELF
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