Category: Bank of America

BofA-sponsored report raps sprawl

A new article in Harvard Business Review “Back to the City” predicts a major cultural and demographic shift away from suburbia and back toward central cities.
It cites United Air Lines’ plan to move its operational center to downtown Chicago from the suburb of Elk Grove, and Walgreens buying New York drugstore chain Duane Reade, “signaling a deliberate decision to improve its capabilities in urban settings.”

Interestingly, it says:

“A recent report sponsored by Bank of America, the Greenbelt Alliance and the Low Income Housing Fund examines the inefficiencies of the current “geographical mismatch between workers and jobs.” Focusing on California, it says that sprawl “reduc[es] the quality of life,” “increase[s] the attractiveness of neighboring states,” and yields “higher direct business costs and taxes to offset the side-effects of sprawl”— which include transportation, health care, and environmental costs.”

“To put it simply,” the HBR article says, “the suburbs have lost their sheen: Both young workers and retiring Boomers are actively seeking to live in densely packed, mixed-use communities that don’t require cars—that is, cities or revitalized outskirts in which residences, shops, schools, parks, and other amenities exist close together. “

My picks for best places to stand in Charlotte

I asked your opinions – and thanks for sharing, everyone – but didn’t give mine.

Yesterday I pointed to a list (link here to blog, and here to list) about the best places to stand in the U.S. and asked about Charlotte spots. But I didn’t include any of my own choices. These things require pondering, you know.

I concur with those who mentioned Queens Road and the cathedral of oaks, and the magnificent corner of Kingston and Lyndhurst avenues (see photo above) in Dilworth. Indeed, I spotlighted both places in a piece I wrote some years back about Great Streets in Charlotte. Brevard Court uptown was another in that series.

My favorite spots to stand in Charlotte (for today, at least) are listed below. Note, I’m including only inside the city limits, so Crowders Mountain is out, as well as various funky downtowns in other municipalities like Matthews or Davidson. And ask me tomorrow and I may have a completely different list. NoDa on a gallery crawl night is great. Looking out from the 60th floor of the BofA Corporate Center is great – but not open to the public.

Here’s my list:

3. In line at Price’s Chicken Coop (at left) just after you’ve bought a quarter-dark dinner (or chicken livers) with tater tots and the hot grease is just starting to soak through the cardboard box.

2. The vaulted passage way alongside The Green uptown – one of the best designed spaces in the city. It just makes you feel grand to walk down it. The fans overhead are a nice touch for a hot climate.

1. Inside the First Presbyterian Church sanctuary on the Sunday before Christmas, with the old burnished wood, the royal blue carpets and cushions, as the brass and timpani and cymbals play and everyone is singing “Joy To The World.”

Foxx reels in big-name backers


At-large City Council member Anthony Foxx announced today he’s running for mayor next year regardless of whether incumbent Mayor Pat McCrory wins the governor’s race.

Foxx, a Democrat, told me he’s rounded up enough early support to go for it. Among those supporters, he said — and I was prying, he wasn’t just tossing out these names — are retired Bank of America CEO Hugh McColl Jr. and local Democratic Party bigwig Cammie Harris. McColl usually — but not always — backs Democrats.

Foxx told me he had decided just within the past few weeks, although he’s been thinking about running for months. But he sent letters to supporters or potential supporters late last week. “I would defind that as the point of no return.”

He’ll probably face impressive opposition, likely Republican council member John Lassiter (if McCrory is ensconced in Raleigh) and possibly Democratic state Sen. Malcolm Graham, who’s also been thinking about running for mayor for some time. Both are generally well-regarded and, in my experience, do a good job as elected officials, as does Foxx.

“Why now?” I asked Foxx. He gave a thoughtful and even visionary answer, which in a politician is refreshing. (Note: Lassiter and Graham could probably do the same. Many elected officials can’t.) Part of it was a discussion of the current problems the city faces and how many of them are, in fact, regional problems: The economy. Transportation. The environment.

“When I ask people where the city’s going, it’s a microcosm of the country,” he said. “People don’t know where we’re going.”

Foxx grew up in Charlotte, went to Davidson and NYU law school. He’s been on the council since 2005.