Business Journal - Report on Charlotte loses bid to join Supreme Court water fight

Lake Wylie, where we play in River Hills. Interesting article recently in the Business Journal.
Susan Stabley, Sjstabley@bizjournals.com
Portions of the Article.

South Carolina v. North Carolina is designated as case 138 Original; there have been only 137 other times a legal matter has gone straight to the high court. Usually a lawsuit is seen by the nine judges last, after working its way up from lower courts.

The inter-basin transfer or the IBT, removes water from one river basin into another. That's a problem for downstream communities and businesses - and states - because an IBT reduces the amount of water flowing in a river.

Energy companies and water utilities account for 92% of the water pulled from N.C. rivers. Of that, public-water supplies account for just a tenth of the demand. Charlotte pulls 53% of the water drawn by municipalities along the river. The demand for treated water grew to 110 million gallons per day in 2006 from 57 million gallons per day in 1987. The projected need by 2050 is 215 million gallons per day.

The city can still file a "friend of the court" brief to comment on issues in the federal case that it finds important.

"The city will work actively with the state to have our voice heard," says City Attorney Mac McCarley.

Homes Sales Up for December!!

The average sale price was $211,705, up 5.7% from $200,226 a year ago.

The average listing price of houses sold last month was $239,062, up 10.4% from December, 2008.

The number of home closings in the Charlotte area fell 23.7% in December from the 2,000 recorded a month earlier. The average sale price rose 8.4% from the $195,244 average in November.

Either way, this is good news for the area.

Belk to Add 39 Jobs at Charlotte Headquarters

Belk is the nation's largest privately owned department store company.
The jobs will help boost its merchandsising.

Did you Know River Hills is rated one of the toughest Private Golf Courses?

This rating was around ten years ago but thought it was worth noting.   Go River Hills!

The Point Lake and Golf Club 1913 Brawley School Road

Mooresville NC 28117
(704)799-7300

NorthStone Club 15801 NorthStone Drive
Huntersville NC 28078
(704)948-4286

Providence Country Club 6001 Providence Country Club Drive
Charlotte NC 28277
(704)846-8475

Cramer Mountain Country Club 102 Hidden Pastures Drive
Cramerton NC 28032
(704)824-2772

River Hills Country Club One Country Club Drive
Lake Wylie SC 29710
(803)831-2249

Home Additions, Which Will Give You the Most for Your Buck? Cost vs. Value

National Averages: Addition to Recoup Value


Attic Bedroom, 83.1%
Bathroom, 59.5%
Composite Deck, 70.9%
Wood Deck, 80.6 %
Family Room, 65.3%
Garage, 62.2 %
Master Suite, 65.2%
Sunroom, 50.7%

Ex-Wachovia Foursome Starts Investment Firm - Commercial Real Estate Clients

Outtakes from the Charlotte Business Journal
Brett Smith, William Green, William Cohane and Charles Wolter recently launched:
Tannery Brook Partners, a full service investment bank serving commercial real estate clients.


They will serve clients in middle-market real estate deals.  Most of its inintial work has been to advise cleints on mergers and acquisions, and debt restructuring.
Located, Bank of America Plaza, 101 S. Tryon St., Suite 2560.

York County above Gaston, Lower than Lancaster from 11/06/2009 to 12/05/2009

Mecklenburg:
Units - 935
Average Closed Price - $210,811.00

York:
Units - 176
Average Closed Price - $186,247

Union:
Units - 175
Average Closed Price - $250,709.00

Lancaster:
Units - 45
Average Closed Price - $232,325.00

Gaston:
Units - 143
Average Closed Price - $123,187.00

988 Knob Creek, Tega Cay, SC 29708

Price Adjustment - Now $334,000

Ranch with Basement - MUST SEE!

Continuing on the Garden path...Neighbors on the Lake are opening a New Center

Welcome to Sugar Creek Garden Center


New Garden Center opening in the Spring of 2010 on Highway 160.  Click on the Link to Read MORE.

Mint Museum Garden Club Lecture

The Mint Museum of Art will host a gardening workshop by Don Rosenberg.
2730 Randolph Road, Charlotte
For More Information, 704-337-2000

River Hills has such beautiful lawns and community, I thought they may want to know about this.