The New York Times, May 13th, 2024, Priced Out of Housing, Communities Take Development Into Their Own Hands
As the owner of the coffee retailer Higher Grounds Trading Company, Chris Treter had a problem: Business was booming, but his new hires couldn’t find affordable places to live.
“Traverse City is becoming Myrtle Beach meets Hilton Head — a place catering to a population outside the region,” Mr. Treter said. “Our work force can’t live here anymore.”
Mr. Treter and others in this small Lake Michigan community with a population of nearly 16,000 came up with a solution: a 47,000 square-foot building that offered spaces for residences, businesses and community activities that had been in short supply as gentrification in the city pushed prices up and local residents out.
