State and Local

Global TransPark, Busted!


An April report by the General Assembly’s Program Evaluation Division concluded the NC Global TransPark Authority near Kinston cannot support itself; the $25 million debt it incurred from the state’s Escheat Fund cannot be repaid with current revenues; and the TransPark can be offloaded, piece by piece, to other public or private entities, and off the taxpayer dole.  Read more at CarolinaJournal.com  (Liv: a project initially estimated to create 55,000 jobs is instead employing fewer than 400 people)

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