‘Yes’ Vote on Connected Transit System Essential to Region’s Future

A Roadmap for Economic Resilience

By Sandy K. Baruah

Transit. This seven-letter word has been on the hearts and minds of Michiganders for over a decade. To some it represents economic opportunity, while to others it is a lifeline to family, hospitals, and other essential services.

Over 100 years ago, business leaders from this region identified transportation and the ability to move individuals and products safely and efficiently as one of the primary challenges facing the region. A century later we are still dealing with this fundamental issue. Transit in the Detroit region has fared poorly compared to other metropolitan regions across the country, with studies placing the region near the bottom.

From the perspective of the business community in our region, lack of a safe, reliable connected transit system linking Southeast Michigan’s four counties (Oakland, Macomb, Wayne and Washtenaw) is a missed opportunity. According to the Southeast Michigan Council of Governments, 92 percent of the region’s jobs are not reachable within 60 minutes using our current transit options. That is simply unacceptable.

I have lived with coordinated public transit most of my life. In my former hometowns of Portland and Washington, D.C., I have seen firsthand the economic impact that transit can have on cities and surrounding suburban communities. If we desire to be a world-class city and region, coordinated public transit is an absolute necessity.

The Chamber applauds the hard work and dedication of our elected leaders, who, along with the RTA Board of Directors, came together on an agreement that benefits all residents in the region. This compromise is an extension of the type of collaborative leadership that has become the hallmark of our elected leaders. Gone are the days of divisiveness and “go it alone” mentality, replaced by strong leaders who do not shy away from tough decisions while working collaboratively to erase the “dotted lines” on the map.

Now it is our turn as voters. Metro Detroiters face an unprecedented opportunity to chart a new path forward for our region’s long-term economic prosperity by voting “yes” on transit in November.

The proposal voters will be asked to approve is the very definition of “bang for the buck” and offers a path forward we desperately need. The benefits will be felt throughout the entire region. For the first time, we will have connected communities that allow residents to navigate via public transit, regardless of political boundaries, and job-hunters will be able to answer “yes” when a job application asks whether they have reliable transportation.

Not only is it the right thing to do for our businesses, it is the human thing to do for our residents. A properly funded transit system will also provide seniors and people with disabilities with increased independence and better access to employment, health care and family.

Finally, Detroit and our other cities will be able to compete on equal footing in the battle for talent — a critical need for employers starving for qualified employees to close the gap. It is not enough to simply say, “come check us out.” In study after study, millennials put regional transit at the top of their wish list when considering their career. If we truly want to be a contender for the next generation of talent, we must have the infrastructure in place that attracts and retains our young people and can safely and reliably get them from their home to their job and to our world-class colleges and universities.

By voting yes for robust transit to connect Southeast Michigan, we will be able to grow and compete with other regions, build for the future and ensure a better collective quality of life for all.

Princeton Enterprises Acquires Chestnut Court Apartments

Bloomfield Hills, Mich., September 1, 2015 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Chestnut Court Apartments located in Wayne, Mich. in a transaction that closed on August 31, 2015.

The acquisition closed with the assistance of Gordan Navarre, Earl Elliot and Christopher Futo from the Detroit, Michigan office of Marcus & Millichap, whom brokered the transaction on behalf of the sellers Hayman Company Real Estate Investment Services.

Chestnut Court is an 82 unit multifamily residential apartment community built in 1999. The property offers 1 and 2 bedroom apartment homes with fully equipped kitchens, open floor plans, private entrances, and laundry rooms with full size washers and dryers. The community offers residents a pet friendly atmosphere with a state of the art fitness room, large sparkling swimming pool and an outdoor grill area. Residents will benefit from on-site management and 24 hour emergency maintenance service.

Chestnut Court is conveniently located close to Interstates 275 and 94 providing easy access to the Metro Detroit Area. The community is only minutes from Detroit Metro Airport, William Beaumont Wayne Hospital, many local parks and recreational facilities, across the street from Gateway Golf Club and shopping and dining.

“Chestnut Court has nicely designed architecture, has been well maintained, and is a great location,” commented Matthew B. Lester, Founder and Chief Executive Officer of Princeton Enterprises” The acquisition of Chestnut Court is a welcome addition to our portfolio of properties in Wayne County,”

For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or m.dreer@prinmgmt.com.

About Princeton Enterprises:

Princeton Enterprises, L.L.C. located in Bloomfield Hills, Mich., is a premier real estate acquisition, development, and property management company that enjoys one of the finest reputations for successfully acquiring, repositioning and operating a diverse portfolio of real estate assets including multifamily housing, manufactured housing, office, storage, and other commercial facilities. Founded in 1994 by Matthew B. Lester, the company has acquired more than 115 properties with an aggregate value of $1 Billion and has grown to nearly 600 employees and nearly 20,000 individual apartment units in Alabama, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, and South Carolina.


Walsh College Will Present Special Achievement Awards to Eight Students From Detroit Tri-County Area

Eight Walsh College students from Wayne, Macomb, and Oakland counties will receive special academic achievement awards in areas of finance, taxation, and accounting at the College’s 103rd Commencement on Saturday, June 21, 2014 at Zion Christian Church, Troy.

“We’re proud of the recognition Walsh College students earn both inside and outside the College,” said Dr. David Shields, executive vice-president and chief academic officer. “It’s a tribute to their scholarship and their achievement beyond expectations in Walsh’s challenging undergraduate and graduate business programs.”

The recipients, their academic standing, hometowns, and awards are:

• Lauren E. Hanna, (Master of Science in Taxation, 2013), Grosse Pointe Shores. Stanley W. Smith Taxation Manuscript Award. Each year, this award is bestowed on a Master of Science in Taxation student who has written an outstanding paper or thesis in the field of taxation.

• Nancy Winkler Spalding, (Master of Science in Taxation candidate), Grosse Pointe Woods. Everett Hawley, Jr. Taxation Award. The award promotes accounting and taxation through education. Named for the former chair of the Walsh College Board of Trustees, the award annually honors a graduate Taxation student for academic achievement.

• Harry Frederick Cook, (Master of Science in Accountancy, 2014), Warren. Bureau of National Affairs Graduate Accounting Award. This award recognizes an outstanding Master of Science in Accountancy student for his or her academic work and contribution to the College.

• Derek D. Baker, (Bachelor of Business Administration candidate), Rochester Hills, and Ryan J. Drews, (Dual Master of Business Administration/Master of Science in Finance candidate), Rochester. Financial Executives Institute (FEI) Award. Every year, the FEI Detroit chapter recognizes finance students for outstanding academic performance.

• Rachael M. Saferian, (Master of Science in Accountancy candidate), Commerce Township. Firman H. Hass Writing Award. The Detroit Chapter of the Institute of Management Accountants established this award to recognize a graduate student whose writing contributes to the accounting body of knowledge. It is named in honor of a former trustee and honorary doctoral recipient.

• Kelly M. Steward, (Bachelor of Accountancy candidate), Birmingham. Walter B. Fisher Award for Excellence in Accounting. This award is presented to a student who achieves a 3.5 or better grade point average in the Bachelor of Accountancy program. The recipient must also contribute to Walsh College or the accounting profession through tutoring, club leadership, community service, or other activities. It is named for the chair emeritus of the Walsh College Board of Trustees.

• Yulia Zelenskaya, (Master of Science in Taxation, 2014), Troy. Research Institute of America Graduate Tax Award. This award is given to an outstanding Master of Science in Taxation student for his or her academic work and contribution to Walsh College.

In addition to receiving certificates of recognition, the students will be honored by having their names engraved on plaques in the Founder’s Court on the Troy Campus.

For more information about Walsh College, visit www.walshcollege.edu.

Founded in 1922, Walsh College is a private, not for profit institution offering upper-division undergraduate and graduate business and technology degrees and certificate programs. One of Southeast Michigan’s largest business schools, Walsh has locations in Troy, Novi, Clinton Township, and Port Huron, as well as online. Walsh’s business services division offers the Walsh Institute, which provides solutions for businesses through training, continuing education, and consulting.

Walsh is accredited by The Higher Learning Commission of the North Central Association of Colleges and Schools (www.ncahlc.org; phone: 312-263-0456). The Accreditation Council for Business Schools and Programs (ACBSP, www.acbsp.org) accredits specific degree programs.