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 5/10 Good --- www.charlotte.com http://www.charlotte.com/122/index.rss
| News, sports and entertainment from Charlotte.com ... |
Thursday, May 15, 2008 --- 72 days ago http://www.charlotteobserver.com/business/story/624627.html
| Spirit AeroSystems on Wednesday promised to bring 1,031 jobs and $570.5 million in investment to this rural region in Eastern North Carolina. But its significance could go beyond numbers. The state's top politicians expect the aviation company, lured with more than $180 million in incentives, to validate a government project long criticized as a boondoggle and propped up for almost two decades with taxpayer money. Spirit, which makes aircraft components for manufacturers including Airbus, Boeing and Gulfstream, will build in the Global TransPark, created by the legislature 17 years ago to transform Eastern North Carolina's economy. It was envisioned as a bustling business park built around aviation, logistics and trade. A feasibility study projected that its presence among the sprawling farmland would generate 55,000 jobs by 1998. The TransPark, though, has never lived up to those lofty expectations. A decade later, it has netted just 12 tenants, including state agencies, and has required regular infusions of state and federal funding to remain in operation. Total government spending on the TransPark to date exceeds $87 million. "We have had every year someone take the Global TransPark to the graveyard, and we've always been able to drive the hearse back," Gov. Mike Easley said Wednesday. "Today we start to silence all of those naysayers over the years who have been heckling from the sidelines." Hundreds of local and state dignita ... |
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