LOCATION At the corner of Brawley School Road & Williamson Road in Mooresville, North Carolina

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4 LOCATION At the corner of Brawley School Road & Williamson Road in Mooresville, North Carolina Description DEVELOPMENT PLAN 250,000 square foot Lifestyle Center anchored by Lowes Foods New Interchange will be added at Brawley School Road and I-77 just 3/4 mile from site NCDOT has approved plans to widen Brawley School Road from US 21 to Chuckwood Road Accessible from two interchanges at I-77 Approved stoplight entrance Easy access to high-income Lake Norman communities boasting household incomes exceeding $100,000 OUTPARCELS Two (2) on Brawley School Road DEMOGRAPHICS 2008 POPULATION 2013 POPULATION AVG HH INCOME 3 MILES 23,818 29,609 $94,388 5 MILES 53,785 65,420 $86, MILES 136, ,374 $93,246 TRAFFIC COUNTS Williamson Road: Brawley School Road: 22,500 CPD 20,500 CPD NEARBY RETAIL CENTERS BRAWLEY COMMONS: Lowe s Foods shopping center built in Located on adjacent corner. SHOPS at MORRISON PLANTATION: Harris Teeter-anchored shopping center built in Located on adjacent corner. WINSLOW BAY SHOPPING CENTER: Super Target-anchored power center built in 2002 with junior anchors including Dick s Sporting Goods, Michael s, Linen s and Things, T.J. Maxx, PetSmart, Ross Dress for Less, Rack Room Shoes, Party City, World Market, and Pier 1 Imports. Located 1/2 mile north along Williamson Road at Hwy 150.

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9 Headlines CONTRACT TO BE ANNOUNCED THURSDAY: Work set to begin on Brawley School Widening Mooresville Tribune October 1, 2008 By: Megan Pillow Anyone who braves Brawley School Road on a regular basis will soon see some long-awaited activity: Construction. The NC Department of Transportation is about to award the first contract for the long-sought widening of the highway, a project that is scheduled to begin Oct. 27. DOT spokesman Steve Abbott said the board is expected to award the first of two contracts for the 2 1/2 year project at its meeting Thursday. The lowest bidder for the $25.26 million project is Rea Contracting, LLC of Charlotte. If the contract is approved, work will begin Monday, Oct. 27 to expand 3.8 miles of roadway between South Forks Road and Williamson Road. The project will include signals at all major intersections along Brawley School Road and the grading, draining and paving of four lanes divided by a grass median. Much of the work, said Abbott, will take place between 7pm and 7am Monday through Saturday. Some work will also be done between 9am and 3pm. It shouldn t disrupt things too much, he said. The widening of the road had long ago moved to the top of the region s priority list because of the road s growing level of daily traffic. Brawley School Road currently handles more than 20,000 cars a day and is designed to handle about 10,000. So far, the project is still roughly on schedule as it was outlined in December At the time, Mike Holder, the DOT s Division 12 engineer, said the project was scheduled to be advertised for bids in August 2008, awarded in September and with construction beginning mid-october. Residents, business owners and officials have wondered for months when the project would begin and what the work will mean for the region. In the past, many have expressed both excitement and reticence at the thought of the project s construction, which they believe will mean both progress for the congested road, and frustration for the drivers who have to navigate it daily. Mooresville commissioner Chris Carney whose ward includes portions of the Brawley School Road area said Tuesday that despite people s concerns, it s good to see the project finally getting underway. The widening is long overdue, he said. But he also cautioned that despite DOT s assurances that the project won t cause too many delays, drivers should exercise patience. During the project, we need to ask the citizens for their patience as the construction will make an already crowded road that much worse, Carney said. DOT s Abbott said the board is scheduled to consider the second phase of the project in February The whole project is scheduled for completion in July It s a lot of work, Abbott said. It s a lengthy project because of all the things they have to take into account. Carney said that after Brawley School Road is well underway, the next step for the DOT and the town will be to find a way to deal with traffic-heavy Williamson Road, which connects Brawley School to NC 150, Interstate 77 and US 21. Although several intersections are going to be upgraded along the corridor, it is vital that we begin to work with the state for future widening of Williamson Road, Carney said.

10 Charlotte Observer: July 9, 2006 Headlines

11 Mooresville Market Overview Mooresville, NC, has become the home for multiple large corporations including Lowe s Companies, Inc ( Lowe s ), NASCAR, and other motor sports related entities. 5,000 new jobs and over $1.1 Billion in new tax investment has been the result of new investment in the area throughout the past five years. In 2004 and 2005 Site Selection Magazine named Mooresville the nation s #1 Micropolitan area and the #1 Small Town in the US for New and Expanded Corporate Facilities. The area was also named the South s #1 Micro Market for 2006 (Southern Business & Development Magazine) and One of the 25 Best Managed Small Cities in America (Pat Summerall Productions). Also, in 2004 and 2005, Site Selection Magazine ranked the city among the Top 10 economic development organizations in the nation. Mooresville s current estimated population is 23,872 while the estimated current population of Iredell County as a whole is 145,970. Mooresville s population growth is more than twice that of all of North Carolina and triple that of the entire US. Business North Carolina Magazine has designated Mooresville as the 6 th fastest growing town in North Carolina due to its population nearly doubling since According to projections the population of Mooresville will outpace North Carolina and national totals over the next five years. It is expected that the population of Mooresville will expand two and a half times faster than that of the nation. The current median household income continues to outpace county, state, and national growth; Mooresville s current estimated median household is $53,833. This median is 13% higher than the state median and 4% higher than the national median. In the fiscal year gross retail sales were $919 million. Mooresville s retail sales growth has increased 68% over the past four years. This growth is almost double that of Iredell County as a whole and more than four times that of the state. Lowe s, a world leader in the home improvement retail market, is Mooresville s largest employer. In September 2003 the corporation opened its new headquarters in Mooresville. Over 2,800 people are currently employed at the 165- acre campus. Once expansions are complete, the campus is expected to be the home to approximately 12,000 employees. Most of Lowe s vendors and suppliers are also opening offices in the area to be near the corporate campus. Over 400 vendors are expected to move their office and showroom space to the area during the next three years. Lake Norman Regional Medical Center is Mooresville s second largest employer. The center is a 117-bed acute care hospital which opened its doors in Employing 930 people, it is one of the largest hospitals in North Carolina. Over 100 practicing doctors in Mooresville make the medical industry one of the fastest growing industries in the town and County. Mooresville is known as Race City USA. It is the hub of the racing industry. 70% of the $5 Billion a year industry is located in and around Mooresville. There are approximately 60 race teams and over 100 race-related suppliers in Iredell County. The country s first technical training school, NASCAR Technical Institute, is located in Mooresville. This institute is the country s first technical training school in the country to combine a complete automotive technology program and a NASCAR-specific motor sports program. Site Selection Magazine has placed the Statesville-Mooresville area in the #1 ranking spot for the Top Micropolitan Area Awards for the second year in a row. It also maintained the number one ranking spot in 2005 by having 40 corporate facility projects that had at least $1 million of capital investment, 20,000 square feet of new floor space, or 50 new jobs. Those 40 facility investments accounted for $350 million in new corporate space.

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