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Sunday, September 25, 2016
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Tensions Flare Over Coal Dock Proceeds

Tensions Flare Over Coal Dock Proceeds

By Beth Milligan

Tensions over whether Traverse City Light & Power should receive a portion of the proceeds from the city’s recent $1 million coal dock sale could threaten utility funding for future city projects.

TCL&P board members will meet Tuesday at 5:15pm at the Governmental Center to discuss the sale. The utility owned the coal dock property on West Bay Shore Drive until last November, when it transferred the land to the city in order to facilitate a $1 million sale to Rotary Charities. Rotary purchased the property from the city and reopened it as a public park called Discovery Pier, part of the Discovery Center Great Lakes campus.

TCL&P officials contend the city verbally promised them $245,000 – roughly a quarter of the sale proceeds – as part of the deal. That amount is necessary to make the utility “whole” for its cost and improvements to the property, according to TCL&P Executive Director Tim Arends.

“We basically have to write that property off our books, and right now it would show it’s a loss,” says Arends. “The utility doesn’t feel it’s necessary or appropriate to show a loss on its financial records when it was owned by us, the rate payers paid for it, and the city got a million dollars for it.” more

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Interlochen Farmers Market

9:00am Interlochen Farmers Market: Interlochen Shopping Center, big parking lot behind Ric’s, Interlochen Corners, every Sun. through Oct. www.facebook.com/interlochenfarmersmarket more

Detroit Red Wings Training Camp

9:30am Detroit Red Wings Training Camp: Sept. 23-26, Centre Ice Arena, TC. Info: www.centreice.org more

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10:00am First Annual Great Lakes Patient Care Conference: Hagerty Center, NMC, TC. This conference is dedicated to networking & information for medical cannabis patients, potential patients, & health care professionals. www.patientsoutoftime.org more

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11:00am GT Area Rock & Mineral Club Show: Carnegie Building, TC. Admission, $2. www.tcrockhounds.com more

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1:00pm Permanence & Impermanence: Iceland – a Land of Temporal Contrasts. By Jean Larson. Runs in Dennos Museum Center, NMC, TC through Dec. 31. www.dennosmuseum.org more

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1:00pm Grandmother Power: A Global Phenomenon: The works of renowned photographer Paola Gianturco at Dennos Museum Center, NMC, TC. Runs through Dec. 31. www.dennosmuseum.org more

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1:00pm Beauty in Art: An artist talk with Richard Kooyman. Oliver Art Center, Frankfort. www.oliverartcenterfrankfort.org more
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