Research Report
Stars and Cars: $8 Million Proposed for Roanoke Rapids Economic Development
posted August 3, 2005 by Joseph Coletti
Northeastern North Carolina is trying to reverse its economic misfortune with two large economic development projects that could pull $8.25 million from the General Fund. Proponents want to avoid the legacy of the Global TransPark, but studies used to justify the projects are based on similarly faulty assumptions. A proposed Advanced Vehicle Research Center draws on no existing regional strengths; an entertainment district relies on transforming the region’s tourism. The General Assembly should not fund either project. Members should be sure to read reports on similar proposals–and read them with skepticism.