"This is a major, major investment in Concord and I can't be happier tonight to vote on both of these," said council member JC McKenzie.

Five includes updates on Red Bull, Kroger, construction on Concord Parkway, a monsters convention and tax help.

The project will create 300 to 350 jobs with an average wage of $100,000 to $125,000 per year, city documents state.

A Formula 1 racing team wants to expand its operations to the center of NASCAR country in Concord, spend up to $85 million and create up to 350 jobs. Not to be outdone, a NASCAR team also is plotting ...