A downtown development project going before Traverse City voters at the November 6 general election gained support from the Traverse City Area Chamber of Commerce Board of Directors.
The Chamber Board this month endorsed a “yes” vote on Traverse City’s Proposal 1 for Peninsula Place, a 100-foot, 64-unit condominium development next to the Park Place Hotel on State Street proposed by developer and property owner Tom McIntyre of Traverse City. The vote is required by the passage of the Proposal 3 City Charter amendment by city voters two years ago.
Chamber officials cited the project as being consistent with city zoning and its master development plan, as it creates additional density and economic growth in the city’s downtown district. The Chamber also pointed to the city Planning Commission’s recommended approval of a Special Land Use Permit (SLUP) for the project back in 2017.
“Peninsula Place is a well-designed development project on property specifically designated by the city zoning ordinance and comprehensive development plan for such structures,” said Kent Wood, the Chamber’s Director of Government Relations. “It will create additional residential growth and density in the downtown area – a goal consistent with the Chamber’s economic vision for downtown – and is harmonious with the adjacent properties including the 10-story Park Place Hotel which has existed for almost 90 years.”
Wood said that while the Chamber continues to have concerns about the legality of the City’s Proposal 3 charter amendment narrowly approved by voters two years ago that necessitates this vote, the organization wants to see the Peninsula Place project move forward.
“We support the Peninsula Place project and remain hopeful that the significant legal questions surrounding Proposal 3 will ultimately be resolved in a way that creates clear, consistent and legal land-use procedures for city residents and property owners going forward,” Wood said.