A photo gallery of the grant-signing and project tour is located at the end of this story.
Boyne City governmental, economic development and business officials gathered for the official finalization of a $500,000 Michigan Economic Development Corporation (MEDC) job creation/blight elimination Community Development Block Grant (CDBG) at Boyne City Hall for the Catt Realty SOBO Redevelopment Project.
Glen Catt’s project to renovate and reconstruct two properties located at 202 and 210 South Lake St. in Boyne City are expected to house a bar and restaurant called the 7 Monks Tap Room in addition to a new Northern Michigan Sports Medicine Center.
“Without support from funding options like CDBG, Brownfield and local reimbursement programs, investments in redevelopment projects would not be possible,” said Boyne City Manager Michael Cain. “The need for public and private partnership is key to community development.”
He added, “Financial support from the state and local level is critical to make this investment financially feasible.”
Community Development Block Grants were created to help encourage private development in under-utilized and vacant buildings.
According to economic development officials, redevelopment projects like Catt’s have extraordinary costs above and beyond normal development costs such as environmental remediation of lead and asbestos, selective demolition and façade stabilization, as well as major upgrades for barrier free access and fire suppression systems compliance.
“This is really a catalyst for future projects and redevelopment and will help spur economic development in and around the community,” said Boyne City Main Street Program Executive Director Lori Meeder.
“We are so fortunate to have someone like Glen Catt and the Catt Development Team who has a real commitment to Boyne City.”
Officials hope to have the project ready to receive its tenants by summer.
The signing ceremony for the grant occurred on Friday March 25, followed by a tour of the Catt project job site.
According to a March 25 press release from the Boyne City Main Street Program, Northern Michigan Sports Medicine Center (NMSMC) will open its seventh facility later this July in Boyne City.
The center is expected to occupy 4,573-square-feet in Glen Catt’s 210 South Lake St. location which most recently housed the Boyne Arts Collective.
“We are pleased to have NMSMC as a partner in our development,” said Catt. “I believe having a good mix of tenants is vital to the success of any development.”
He added, “NMSMC is a proven operator that will draw people to downtown Boyne City all year long and during the hours when traffic and parking aren’t an issue. They have a history of being involved with the communities they are in, and will be a great addition to Boyne City. In my opinion, their business model is a nice fit to the culture of Boyne City.”
Started in 1987 by Chuck Smith, NMSMC is an outpatient facility, which provides physical and occupational therapy, aquatic therapy, and specializes in athletic injury rehabilitation.
The business will employ five to six people directly in the Boyne City location and another four to five indirectly supporting this facility.
“We are committed to providing the highest quality care with a strong focus on patient satisfaction,” Smith said.
“People who reside in and visit Northern Michigan lead active and vigorous lifestyles…. When injury or illness threatens their activity, we offer a proactive way to resume their lifestyles.”