AG 2004 10 18 - Laserfiche WebLink

Home Browse Search

Water and Sewer Infrastructure The most significant constraint on development in the Midland Plan Area currently is the lack of available water and sewer infrastructure. The amount of development will be controlled by the extension of utilities in the Plan Area. Following the opening of the 1-485 Interchange, any area of proposed utility extensions must be recognized as an area of probable development. It is also important to recognize areas that have been annexed into Stanfield and Locust particularly. These properties are being developed at a higher density then their neighboring parcels because Stanly County is providing utilities. Extension of infrastructure to serve these annexed parcels may provide additional development opportunities for adjacent parcels within the plan area. Concord Mills Mall Several commercial developments have also had significant impact. The Concord Mills Mall has not only affected the Midland Plan 3::- Area, but also the County and region as a whole. Its location at the 1- 85/Speedway Boulevard interchange allows easy access to shopping, dining, and recreational activities. The Concord Mills Mall employs roughly 4500 people with sales revenues topping 300 million dollars last year. Two (2) percent of this revenue is returned to the county and its municipalities as tax revenue. Since its opening in March of 1998 the mali's perimeter has exploded with the development of new restaurants, shopping areas, and hotels. This development has increased employment opportunities and helped to inspire adjacent residential development. Motorsports Industry Extending east from Concord Mills Mall is Speedway Boulevard. Speedway Blvd. connects Derita Rd. to NC Hwy 29 where the Lowe's Motor Speedway is located. With the Motorsports Industry growing along with other business and retail uses, this area is an important economic base for Cabarrus County and a mecca for motorsports enthusiasts across the Country. The Lowe's Motor Speedway and other related motors ports facilities provide substantial employment and tax benefits for the County. The Concord Motorsports Park is located along US Hwy 601 in the northern portion of the plan area and benefits from the nearby motorsports facilities. This location could potentially provide additional employment opportunities for residents of the plan area as the popularity of the sport continues to grow. , ..,'-'-'~ -';........,~-.... , ~.~--:- ~ ,~.,j:::.r,. .' ..;¿;.."~ ;í ~ ";7'~ 'I; I,.;.r"'!!¿!!> .. . , ..~ ...;; "1>::" )t- ....,' G-+ 7