Cabarrus

Traffic relief work delayed

Improvements were supposed to have been finished by now to the traffic-clogged N.C. 150 intersection at Williamson and Bluefield roads.

So why hasn't the project started?

The developer scheduled to pay for most of the work is having financial difficulties, Mooresville Engineering Manager Ryan Rase said last week.

But improvements the town is paying for are proceeding. Work on those is scheduled to begin in September and finish by year's end, Rase said.

The town will pay about $200,000 to build medians on Bluefield Road and a right-turn lane off N.C. 150 into the Lowe's Home Improvement Warehouse store, Rase said.

Charlotte developer Pinnacle Properties LLC was scheduled to pay about $600,000 for signal timing improvements at N.C. 150 and Williamson Road, as well as median work on Williamson and on both the east- and westbound stretches of N.C. 150 near Williamson and Bluefield, Rase said.

Pinnacle was supposed to pay its $600,000 share of the improvements to compensate for the additional traffic that its Mooresville Town Square retail center at Williamson and Brawley School roads would generate at the intersection.

Rase said the developer is required to contribute its share once the retail center is 90percent to 95percent complete. But the developer is nowhere close to finishing that project, he said, and it could take years to complete.

Efforts to reach Kenneth Walsh Jr., Pinnacle's director of development, were unsuccessful last week.

Mooresville Town Center includes retail shops, restaurants and a Lowes Foods grocery store, but other acreage in the center is undeveloped.

The town's portion of the roadwork should ease noon traffic, where motorists jam up trying to get into a McDonald's restaurant near the home improvement store, Rase said.

The Bluefield Road medians will eliminate accident-prone turns, he said, including motorists turning left out of the Super Target center onto Bluefield and drivers making lefts onto Bluefield from Old Bluefield Road, just north of Walgreen's.

Bailey Road-N.C. 115 update

Construction of curbs and gutters, sidewalks and a signalized pedestrian crossing at Bailey Road and N.C. 115 has begun and is expected to finish by late August, Cornelius commissioner Jim Bensman said.

Financial symposium for construction industry

The Lake Norman Home Builders Association will host a construction industry financial symposium, "Where's the Money?" from 11 a.m. to 2 p.m. Aug. 19 at the Charles Mack Citizen Center, 215 N. Main St.

Regional and federal finance and credit professionals will answer questions about drastic changes to the construction industry, including credit availability and qualifying criteria, new lending rules and obtaining access to capital resources and alternative financing.

"Lending as we once knew it is gone," said Brad Howard, chief operating officer of The Langtree Group and president of the Lake Norman Home Builders Association. "The rules have drastically changed, and anyone engaged in construction must understand and re-educate themselves on how to work with their bankers, private investors and government regulators...."

The symposium is for Charlotte-area construction and real estate professionals and community leaders. The cost is $25. To register or for details visit www.lakenormanhba.com.

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