Charlotte Regional Visitors Authority wins approval for uptown property swap
CHARLOTTE — After a lengthy discussion during its regular business meeting yesterday, Charlotte City Council voted 7-4 to approve a property exchange that could add key development around the newly renovated convention center.
The land-swap agreement council approved is between the Charlotte Regional Visitors Authority and Berlin-based Millennium Venture Capital. The city will give 1.9 acres of its property at 501 S. Caldwell St. to MVC in exchange for 0.7 acres at 401 S. College St., which is part of a larger 2.3-acre site the developer is in the process of purchasing from Duke Energy Corp.