ROANOKE RAPIDS NORTH CAROLINA

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ROANOKE RAPIDSNORTH CAROLINA
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ROANOKE RAPIDSNORTH CAROLINA
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ROANOKE RAPIDSNORTH CAROLINA

• 20th most active micropolitan area in US
• Major regional commercial/industrial hub
• Within a days drive to NY and Florida
• 11 million population base within 180 miles
• 920,000 population base within 60 miles
• Access to major airports and ports
• Strategic regional location to major cities

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ROANOKE RAPIDSNORTH CAROLINA

• Aggressive economic development environment with
  incentives and strategies
• Excess water, sewer capacity
• Other utilities gas, electric, high-speed
  telecommunications
• City and County incentive programs for job
  creation and investment
• State sales tax of 6.75
• NC Corporate Income Tax of 6.9
• NC Personal Income Tax of 6 to 7.75

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ROANOKE RAPIDSNORTH CAROLINA

• Quality of Life
• Education
• -Roanoke Rapids Graded School District 3000
  students
• -One of highest percentages of Nationally Board
  Certified teachers
• -Halifax Community College 1900 students
• -Distance Learning Programs
• -Major area universities UNC Chapel Hill, Duke
  University, NC State University, East Carolina
  University, NC Wesleyan, Barton College, Chowan
  University
• Medical services
• -Halifax Regional Medical Center
• -206 beds state of the art technology
• -Affiliations with University Health Systems,
  Wake Medical Center, UNC Health Care

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ROANOKE RAPIDSNORTH CAROLINA

• Quality of Life (cont)
• Recreation and Cultural Amenities
• -16 parks and recreation facilities in town
• -indoor aquatic center, walking jogging
  trails, senior center, sports fields
• -Roanoke Canal Museum Trail (8 mile greenway)
• -Roanoke Rapids Lake and Park
• -Roanoke River
• -Sylvan Heights Waterfowl Park
• -Lake Gaston
• -Medoc Mountain
• -Historic Halifax
• -150 miles to the Outer Banks

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ROANOKE RAPIDSNORTH CAROLINA

• Demographic Overview
• 30 mile radius 60 mile radius
• Population 145,070 920,904
• Median Age 39.3 37.1
• Households 54,386 645,533
• Average HH Income 38,,560 45,837
• Businesses 4,171 30,095
• Blue Collar Occupations 55.1 50.4
• White Collar Occupations 44.9 49.6
• Manufacturing 21.9 21.1
• Retail Trade 11.5 11.9
• Health Care 11.1 11.5
• Education 7.1 8.3
• Food/Accommodations 5.9 5.4

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CAROLINA CROSSROADS
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CAROLINA CROSSROADS
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CAROLINA CROSSROADSDecember 2006
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CAROLINA CROSSROADS

• A planned music and entertainment district
• Location at I-95 and US 158
• To include theaters, entertainment, amusements,
  hotels, restaurants, retail
• Initial phase 123 acres of 1000 acres
• Two miles of I-95 frontage
• A public-private partnership

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CAROLINA CROSSROADSTHE PARTNERSHIP

• Project Partners
• -City of Roanoke Rapids
• -Randy Deb Parton
• -Roanoke Rapids Entertainment
• -Blanchard Calhoun Commercial
• -Halifax County Convention Visitors Bureau
• -State of North Carolina

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CAROLINA CROSSROADSPARTNERSHIP RESPONSIBILITIES

• City of Roanoke Rapids
• -Build and finance The Randy Parton Theatre as
  the project anchor and stimulus (16 million)
• -Fund and install public infrastructure (6
  million)
• Randy Deb Parton
• -Lease theater from City for music and
  entertainment shows
• Halifax County Convention and Visitors Bureau
• -Marketing and Promotions for Carolina
  Crossroads
• Roanoke Rapids Entertainment
• -Develop private infrastructure and amenities
• -Market and recruit private development
• Blanchard Calhoun Commercial
• -Market and recruit private development in
  partnership with RRE
• State of North Carolina
• -Appropriated 500,000 in initial marketing and
  promotions funds
• -Adopted six legislative bills in 2005 session
  making Carolina Crossroads possible

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CAROLINA CROSSROADSTIF DEVELOPMENT PLAN

• TIF District 123 acres
• Base Valuation 315,440
• Components
• -Four theaters 43 million
• -Three entertainment venues 37 million
• -400,000 sq. ft. of retail/restaurants 54
  million
• -Five hotels 123 million
• Total Proposed Phase I Investment 257 million
  by 2011
• Represents 25 of Current City Tax Base
• Public Investment-6 Private Investment-94
• 125 million projected underway in 2007

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CAROLINA CROSSROADSLOCAL/REGIONAL IMPACT

• Local Impact
• Total Investment Estimate 257,629,099
• Total Job Creation Estimate 2433 FTE
• Total Annual Payroll 50.7 million
• Direct Construction Job Creation 2300 jobs
• Direct Construction Payroll 76.4 million
• Direct and Indirect Construction Job
  Creation 3300 jobs
• Direct and Indirect Construction Payroll 102.7
  million
• Source Economics Research Associates
• Regional lmpact
• Increased Industry Output 533,600,000
• Increased Employment 12,250
• Increased Labor Income 204,700,000
• Source UNC Center for Competitive Economies

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CAROLINA CROSSROADSFUTURE SUCCESS

• A recognizable destination brand
• Long-term highway network planning underway in
  collaboration with developers, City and NCDOT
• Aggressive planning and growth management
  strategies
• 800 acres plus in City of Roanoke Rapids
  Entertainment District zoning control
• Aggressive approach to public infrastructure
  development
• Public private infrastructure available with no
  capacity issues
• Occupancy taxes in place to ensure marketing
  revenue stream
• Strong partnership between all the parties
• Political influence and leadership to keep
  General Assembly involved

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CAROLINA CROSSROADSNovember 2005 Groundbreaking
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CAROLINA CROSSROADSNovember 2005 Groundbreaking
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CAROLINA CROSSROADSThe Randy Parton
TheatreMarch 2007
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CAROLINA CROSSROADSHank Williams Jr./Gretchen
Wilson Concert