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Questions and Answers about the CIP
What is a CIP?

The CIP is the multi-year forecast of major community investment needs matched to funding sources.

Why is the CIP important?

Plan demonstrates how the City will meet current and future infrastructure needs: A CIP outlines how the City plans to replace aging infrastructure and address new infrastructure needs associated with a growing City.

Strengthens Credit Rating: Rating agencies review the City’s ability to adapt to growth and to maintain its infrastructure.  If it appears that a City is not keeping up with its growth, it will likely face higher, future infrastructure costs which may impact the City’s ability to repay existing debt and obtain future debt.

Supports neighborhoods and Business: Adequate infrastructure supports strong, vibrant neighborhoods and business expansion.

What investment areas are proposed in the new CIP?

Corridors: promote economic development, expansion and job creation

Connections: increase connectivity with road projects, streetcar expansion and infrastructure improvements

Communities: address affordable housing, neighborhood improvements and quality of life needs

What are some of the anticipated outcomes from the proposed CIP?

  • Job growth
  • Economic Development
  • Improved access to job centers
  • Broadening of the City’s tax base
  • Improved mobility
  • Strengthened neighborhoods
How is this process different than previous CIPs?

In planning for upcoming capital development, the City is taking an even broader review and longer-term outlook of neighborhood and community needs to determine which projects can best serve as catalysts for transformative change to ensure the greatest impact.
 
By collaborating with the public and private sector, the City is able to take a more holistic approach to help leverage infrastructure investments.
 

How were capital projects evaluated for inclusion in the CIP?

The proposed CIP includes projects that:

  • Align with City Council’s Vision for Charlotte 2020
  • Focus on areas of the City that need improved housing, schools and economic development.
  • Serve as a catalyst for transformational change
  • Increase collaboration with private and public partners
  • Improve environmental quality
  • Increase access and mobility
  • Emphasize larger projects with significant long-term community impacts 
  • Address systemic issues within the community