AG 2012 12 17 - Laserfiche WebLink

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payments of principal and interest due on the Kannapolis Bonds. These payments begin in FY 2013 and end in FY 2027, range (subject to a "Maximum County Contribution" ceiling) from a low of $1,421,804 in FY 2013 to a high of $1,513,677 in FY 2021, and total $22,523,021. Entertainment. Cabarrus County is loaded with attractions and amenities. At any given time you may encounter major sporting events, world- renowned NASCAR races, top - flight golf courses, cultural attractions, performing arts, and major entertainers. Exit 49 off Interstate 85 is the center of the entertainment district. The corridor is anchored on one side by Concord Mills Mall the number one shopping destination in the Carolina's and the massive Charlotte Motor Speedway (CMS) the host to NASCAR racing on the other end. In between these two venues you will find more than 3,000 hotel rooms and over 40 restaurants. Nearly every major hotel chain is represented along the boulevard including Embassy Suites Golf Resort & Spa with 308 guest rooms and the Concord Convention Center and Great Wolf Lodge with 402 all -suite guest rooms and the largest indoor water park in North Carolina. Motorsports. Another example of the County's diverse economy is Charlotte Motor Speedway, a major motorsports facility which regularly hosts events that can draw over 167,000 people and impacts the economy by $400 million per year. The CMS complex encompasses over 2,000 acres and includes a 1.5 mile superspeedway, state -of- the -art four lane zMax Dragway and clay oval Dirt Track. Recent expansions at CMS include additions to grandstand seating, a new infield media center, and the world's largest HDTV screen. The County is home to several motorsports companies that benefit from being near CMS, including most of the NASCAR Sprint Cup teams such as Earnhardt Ganassi Racing, Richard Petty Motorsports, Roush Fenway Racing, Hendrick Motorsports, Stewart -Haas Racing, JTG Daugherty Racing, and Wood Brothers Racing. Other motorsports businesses located here are Concord Speedway, NASCAR Research & Development, World Racing Group, Motorsports Radio Network, Performance Racing Network, Curb Museum of Motorsports and over 200 other motorsports - related businesses. Retail. Concord Mills Mall, is located on approximately 165 acres at Exit 49 off Interstate 85. The 1.4 million square foot facility has over 200 stores, like Bass pro Shops Outdoor World and a 24- screen AMC theater. The mall cost approximately $240 million to complete and is generating an estimated $300 million annually in retail sales. Concord Mills Mall is the State's largest tourism attraction and continues to create additional spin -off retail development on adjacent properties. Projects that have been built nearby include Wal -Mart Superstore, Lowe's Home Improvement, and Academy Sports +Outdoor. The area has become a primary retail center for the entire Metropolitan Statistical Area. Other retail centers of note include Carolina Mall, a smaller community mall with over 50 stores; Afton Ridge anchored by a Target Superstore, other major retailers and restaurants and nearby Afton Village, a mixed -use development that includes shops and restaurants along with residential homes and condos. The Depot at Gibson Mill is a large antique and designer mall with over 550 vendors. Historic Downtown Concord offers a wide variety of unique specialty shops, restaurants and galleries. Concord Regional Airport. The City of Concord owns and operates this general aviation reliever airport on approximately 850 acres adjacent to Interstate 85. This facility, known as the "Home to NASCAR's Air Force ", since so many of the race teams and organizations are located nearby and use the airport, is the 4 busiest in the state with 200 flights per day. The Airport is equipped with a 7,400 -foot runway with full instrument approach, which is large enough to land a Boeing 737. There are approximately 170 aircraft based at the airport with an estimated total value of $160 million. The City has proposed constructing additional conventional hangar space to accommodate the demand for aircraft basing at Concord Regional Airport. Additional basing will increase revenues from storage and fuel sales. Industrial and Business Parks. A variety of industrial and business parks located throughout the County have provided additional focus points for economic development. For companies investigating new operations or expansions in the Charlotte area, these parks provide alternatives to sites in Charlotte or Mecklenburg County. Following are brief descriptions of several of these parks. Attachment number 1 1 -3 Page 256