TRAVERSE CITY — The Old Town parking deck is a building block in a renaissance of sorts for one of the city's oldest commercial districts.
The $7.9 million, four-level parking structure rising between Eighth and Lake streets is an oasis of building activity at a time when much of the area's construction sector has ground to a halt.
And it represents another phase of a multi-year makeover for Old Town, once saddled with a shuttered iron-melting plant before a facelift began more than 10 years ago. River's Edge development evolved into Hagerty Insurance's massive complex and created enough political and economic clout to spur city officials to approve a publicly financed parking structure.
Now property owners hope the deck is a harbinger of more good things to come.
"We feel it's a big reason why these businesses are moving in here," said John Socks of Socks Construction, developers of the Regatta Building along Eighth Street near the new deck. The building houses a real estate office, with a delicatessen and sweet shop preparing to open, and Socks expects the new deck to entice more commercial activity in Old Town.
"With more businesses coming in, I think it's going to create its own momentum and keep going," Socks said.
The four-level deck includes 522 parking spaces. None will be reserved, but city officials expect much of the site will be consumed by Hagerty employees and related activity. Hagerty, an international classic car and boat insurance company, donated some land for the project and actively lobbied for the deck.
The company presently purchases around 370 permits for parking in surface lots around downtown.
"A good number of those will park in the parking deck," said Rob Bacigalupi, acting director of the Downtown Development Authority.
Construction is about a month ahead of schedule, and the deck could be open by mid-August. For some Old Town merchants, it can't get done soon enough.
"It's not been an enjoyable seven months so far," said Donna McDonald, owner of Bay Bridal Boutique on Eighth Street. The project cut into her customer traffic, and nearby construction cracked her building's foundation, she said.
"It continues to shake worse than ever every single day," she said. "The city got what it wanted, but I hope the rest of us survive."
Other neighbors are excited about the project.
"It will impact me positively for sure," said Phil Murphy, executive director of Old Town Playhouse at Eighth and Cass streets. Parking at the former church building is limited to around 80 vehicles; performance nights typically push vehicles into surrounding neighborhoods.
"It will alleviate the traffic on the side streets and enable our audience members to be nearby," he said.
The Old Town deck is the city's second major parking project. Larry C. Hardy deck between Front and State streets opened in 2003. The city took a different approach this time, Bacigalupi said, as it passed on hiring a construction manager and gave oversight to city engineer Tim Lodge.
"It puts a little more onus on the city to oversee construction, but we have more direct control over the construction," Bacigalupi said.
The state's deep economic slump helped the city get a better deal. Bids came in around $1 million under original estimates, and the garage will cost several hundred thousand dollars less than the 540-space Hardy deck, built more than seven years earlier for $8.3 million.
"If we had bid this thing two years ago, it would've been considerably more expensive," Bacigalupi said.
The city also implemented several Leadership in Energy and Environmental Design concepts into the project, to the point where the deck will generate much of its own energy in sunny summer months. It also will feature a handful of electric car-charging stations.
"It's about as environmentally friendly as a parking deck can be these days," Bacigalupi said.
Business
Parking deck spurs development
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Agriculture forum: Growing farm-school partnership
Farmer Jim Schwantes almost didn't come. But Schwantes, who grows vegetables north of Cedar, set aside his skepticism and ventured out on a snowy day last week to join nearly 30 other growers at the Northwest Michigan Horticultural Research Center, in Leelanau County. They were there to talk with the food service directors of five area public and one private school.
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Futures files: Warm winter cools demand for gas
Warm temperatures have sapped heating demand for natural gas, causing headaches for already-bloated storage facilities.
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Buckley Farm Show speakers scheduled
The 28th annual Buckley Farm Show will be held Feb. 16 at Hannah St. Mary's School.
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Feds seek applications for disaster loans
Federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Michigan as a result of excessive rain, high winds, hail, freeze, frost, blizzard, tornadoes, flooding and lightning that began Feb. 1, 2011.
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Milk producers given National Dairy awards
Several northern Michigan milk producers were recognized through the National Dairy Quality Award Program.
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Group gets funding to promote agri-tourism
A regional tourism organization received a federal agricultural grant to promote agri-tourism in western Michigan.
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Two area businesses receive ag grants
Two area businesses received grants through the Value-Added Producer Grant program from the U.S. Department of Agriculture.
Continued ... - Friday, February 10, 2012
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Eastman Kodak no longer camera-ready
Eastman Kodak Co. said Thursday that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era.
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Beef prices expected to increase
The smallest cattle herd since the 1950s likely will mean higher beef prices at the supermarket for the next two years.
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Greek deal doesn't boost market much
The stock market finally got a deal in Greece, but it didn't produce much of a rally.
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Business in brief: 02/10/2012
Two Ford executives announce retirements; Effect of new mortgage settlement debated; Number of unemployed who seek aid is falling
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The Record: 02/10/2012
Assumed names filed in Grand Traverse County
Continued ... - Building Permits: 02/10/2012
- Thursday, February 9, 2012
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Glik's reopens in downtown TC
Glik's in downtown Traverse City reopened this week.
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Insider-trading legislation on tap
House Republicans have rejected from a Senate measure a requirement that people who collect information from Congress for investors register like lobbyists.
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Greece mulls harsh new cuts
Greek coalition leaders were locked in crucial debt talks with the prime minister Wednesday to review layoffs and other steep cutbacks as part of a $170 billion bailout package intended to save the country from a looming bankruptcy.
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GOP targets immigrant tax break
Republicans are looking to deny child tax credits to illegal immigrants — refund checks averaging $1,800 — in an effort that has roused anger among Hispanics and some Democratic lawmakers.
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Toyota to expand Indiana plant
Toyota said it will expand its factory in Princeton, Ind., and add 400 jobs so it can build more Highlander SUVs.
Continued ... - Wednesday, February 8, 2012
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Dow approaches 13,000 mark
The Dow is within reach of the rarefied 13,000 mark — a level it hasn't seen since May 2008, four months before the financial system almost came apart.
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Michigan joins foreclosure deal
Michigan will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages.
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VW plant produces 50,000th Passat
Volkswagen's Chattanooga plant has completed its 50,000th Passat, less than a year after production began.
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Wal-Mart debuts healthy food seal
You may like the food you buy, but is it "Great for You"? Wal-Mart Stores Inc. plans to help its customers figure that out.
Continued ... - Tuesday, February 7, 2012
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Corporate profit growth rate slows
While other parts of the economy struggled the past two years, large companies managed to rack up higher profits quarter after quarter. Now reality is catching up with big business.
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Greek talks keep trading subdued
Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to get more bailout loans.
Continued ... - Monday, February 6, 2012
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Redbox to start streaming service
Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks.
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Agriculture forum: Growing farm-school partnership






