11/02/2026
A little post Halloween fireside chat if you will...
Have I told you how much we love Traverse City? Sure I want to get in fist fights with the seagulls at times but, barring that, just love it.
The food scene, the beaches, the shopping and the people are just amazing here....a combination not found elsewhere in the state. We have the privilege of operating in several different markets. It may surprise some of you to hear this....but this city is the best run of all of them. I'm not here telling you they are perfect, but I can tell you that they are the best of the cities we have interacted with or done business in.
Tomorrow, the future of the downtown TIF is on the ballot. While we pay significant taxes here in TC, we are not residents...so no vote for us. But we do want to make a case for it.
One of our other markets (I'll keep their name out of this...but it rhymes with Shalamadoo) has a TIF...however due to actions along the way it became severely depleted. You see the TIF increments only get collected by active taxable properties and when you give long abatements or surrender taxable properties to non-profits...the TIF struggles to fund itself. That's the position we are in here. So now things like basic maintenance, landscaping and event planning become a budget battle. The DDA has minimal funds to carry these out. So it goes to the city and the general fund...where it will get prioritized against the other needs around the city. Needless to say, many of these needs get unmet. Fortunately many of these abatements will expire in the next few years so good ol' "rhymes with Shalmadoo" will be able to find its footing in the next few years.
So you can imagine our reaction to hearing that TC could lose its TIF.
I think everyone would agree that tourism downtown is a major economic engine in this city. Unfortunately that success sometimes brings pressure on other things. Housing first and foremost. This is a real issue around these parts, but I question if potentially stalling this engine is the solution to this problem.
Now I understand, many things will still get funded around downtown with or without a TIF. But I also understand that if this money is returned to the general fund there are no guarantees on the downtown investment. We have seen what a limited TIF looks like and its rough. Foot tall weeds, broken sidewalks, lighting issues, etc. Each time having to go to the city and hope to get it on an agenda down the line. We worry about that. Some folks are claiming it will result in lower property taxes....I'll bet folding money against that.
In the end, this decision belongs to the residents of Traverse City...a people and city we love. We hope you will support the renewal of our TIF. And even if you don't....were still cool. :)
Tom and Heather