|Volume 6, Issue 1
The Real Estate Report
Local Government News Impacting the Real Estate Industry
IFC Shelter Passes Planning Board
The Chapel Hill Planning Board recommended the Town Council approve the IFC’s plan for a new men’s shelter off Homestead Road. Other town boards must review the plan before the council holds a hearing in March. For more information, see the full article by 1360 WCHL.
Chapel Hill Swears in New Police Chief, Chris Blue
Leaders were present in Chapel Hill to swear in the town’s new Chief of Police, Chris Blue. Blue has served the Chapel Hill Police Department for 13 years. Former Chief Brian Curran retired in November. See the full article by 1360 WCHL.
140 West Breaks Ground in Downtown Chapel Hill
The new mixed-use project in downtown will rise eight stories and contain condominiums, retail space, public space, and parking once completed. For more information on the project, see the full article by The Chapel Hill News.
Culbreth Middle Again an Apple Distinguished School
For the second year in a row, Culbreth Middle School received the distinguished honor from Apple. The school provides each student an iPod Touch and uses the product to help teach children. For more information, see the full article by 1360 WCHL.
CHCCS May Relocate Students to Solve Overcrowding
Morris Grove Elementary is overcrowded due to a growing neighborhood, and Chapel Hill-Carrboro City Schools leaders may have to reassign some students to area elementary schools that are under capacity. For more information, see the full article by 1360 WCHL.
Unemployment Up in Orange County, Still Lowest in NC
The unemployment rate inched up in Orange County from 5.6% in October to 5.9% in November. For more details, see the full article by 1360 WCHL.
Chatham Commissioners Cut Service to Orange County
Chatham County Commissioners voted to end bus service between Pittsboro and Chapel Hill. Combined with four county jobs that were cut, the savings will be about $450,000 a year. For more information, see the full article by The Chapel Hill News.
NY Times Names Durham in “Top Places to Go”
The New York Times’ list of places to go in 2011 includes the Bull City. The paper cited Durham’s revitalized downtown and food scene. For more information, see the article by the Herald-Sun.
NC to Return Tax Refunds More Quickly
In 2011, tax refunds will be sent by the state within 30 to 45 days after individuals file returns. This will be a quicker response from the Revenue Department than in the past. For more details, see the full article by the News & Observer.
Congress Extends Tax Cuts in Lame Duck Session
President Obama signed into law the extension of tax cuts for all income levels. The measure passed Congress after compromise from both parties. For more information, see the full article by the News & Observer.