City Council approves public hearing for East Mitchell Street redevelopment plans

The Petoskey City Council meeting held on July 9, 2025, focused on significant developments in local construction projects and the establishment of a public hearing for a new district. The council discussed various ongoing projects, including the reconstruction of the old hotel on Michigan Street and the development of properties at 314 and 316 East Lake Street, which have seen little progress since their approval two years ago.

Council members expressed optimism about a new project at 434 East Mitchell Street, noting that it has a clear timeline and is actively moving forward. The discussion highlighted the importance of having a reliable owner and professional team involved in the project, which has been a concern with previous developments in the area.

A motion was made to establish a public hearing for the new district, which received a second from another council member. The council emphasized the need for public input and transparency, stating that notifications would be sent to affected local entities, including the Petoskey School District and other local units.

The project team confirmed that they have secured financing through a construction loan and are in the process of obtaining historic tax credit funding. This financing is crucial for the project's advancement, and the council's approval is seen as a vital step in moving forward.

Overall, the meeting underscored the council's commitment to revitalizing the area and ensuring that new developments are supported by adequate planning and community involvement. The next steps will involve the public hearing, where further discussions and feedback from the community will be welcomed.