[1] After a year of study by the Arts & Science Council, the 25-year Cultural Facilities Master Plan became a reality in November 2003.
[4][5] In addition to an endowment planned by the Arts & Science Council, and $35 million from Bank of America, Duke Energy and Wachovia Corp., the $150.5 million plan was to be financed by property taxes on a development by Wachovia, as well as a 4 percent tax on car rentals which would have to be approved by the North Carolina General Assembly, and specifically by all legislators from Mecklenburg County.
[10] The Wachovia Condominium Tower would have had 42 floors and 410,000 square feet (38,000 m2) of space, designed by Rule Joy Trammell + Rubio.
[12] The Harvey B. Gantt Center for African-American Arts + Culture would have four floors, cost $18.6 million and have 45,000 square feet (4,200 m2) of gallery, classroom, and administrative space.
[20][21] Charlotte's city council changed the name of First Street to Levine Avenue of the Arts, with new signs revealed November 16.