SlideShare a Scribd company logo
1 of 1
Download to read offline
To Whom It May Concern,
The Missoula Building Industry Association is proud to represent a multitude of diverse businesses that
make up the building industry in and around Missoula. Those not involved with MBIA may not be aware
that our membership includes a wide array of businesses, including vendors, architects, engineers,
subcontractors, banks, insurance agencies, title companies, and even other non-profit associations. By the
nature of our association, builders are our foundation, including some who primarily engage in new
construction and others whose primary craft is remodeling existing structures.
The future of the Missoula Mercantile building in downtown Missoula has emerged as a “hot button” issue
for our community in recent weeks, following the announcement of HomeBase Montana’s proposal to
redevelop the site. Because of the diverse nature of MBIA membership, weighing the financial impact
within our industry of renovation versus redevelopment has not been a significant factor. Either type of
project has the potential to provide employment and income for those who work in and are associated with
the construction industry.
Accordingly, MBIA’s evaluation of the two options facing the Mercantile building is based on broader
considerations. The primary consideration is the economic impact on Missoula as a whole. A vibrant,
active downtown is a crucial resource for Missoula. The restaurants, shops and other businesses, and
ultimately the city as a whole, benefit from the revenue and improved tax base when our downtown area is
enjoyed by our citizens and chosen as a destination by visitors. Unfortunately, the downtown corner
occupied by the Mercantile building has stood vacant for six years now, awaiting an owner or developer
with the vision and financial means to restore the structure and retain its full historic significance. Rather
than serving as a source of revenue and adding to the vivacity of downtown, the vacant structure is currently
an economic void and its deterioration detracts from the aesthetic appeal of downtown.
After a substantial passage of time, it has become apparent that preserving the Mercantile building is
unfeasible. An owner or a developer with a viable plan for restoration has not materialized. The further
passage of time will only contribute to the continued deterioration of the building and prolong the economic
stagnation of the parcel. The proposed redevelopment, including a hotel in close proximity to several live
entertainment venues, restaurants, bars, shops, and the university, would become the headwaters for a new
river of revenue that would flow throughout downtown and beyond. As such, MBIA joins with Mayor
Engen, the Chamber of Commerce, Downtown Business Improvement District of Missoula, Missoula
Downtown Association and others in support of moving forward with a plan to redevelop the Mercantile
building.
The completed project should reflect integrity with the architecture and design of downtown Missoula, and
incorporate historic elements of the Mercantile building where reasonable. MBIA also urges HomeBase
Montana and others involved in the redevelopment to maximize the use of local labor and prioritize
utilization of materials and services provided by local businesses. The responsibility of redeveloping a
building with an important place in the history of Missoula should carry with it the obligation of ensuring
that it is primarily Missoulians whose labor and materials make it happen.
Sincerely,
Doug Cook
Executive Officer,
on behalf of
Missoula Building Industry Association

More Related Content

Similar to Mercantile building letter

Summer project training on banks
Summer project training on banksSummer project training on banks
Summer project training on banksSukhchain Aggarwal
 
The Economic Impact of Real Estate Development on Local Communities
The Economic Impact of Real Estate Development on Local CommunitiesThe Economic Impact of Real Estate Development on Local Communities
The Economic Impact of Real Estate Development on Local CommunitiesLandmark Estates
 
Institutional Partnership Proposal
Institutional Partnership ProposalInstitutional Partnership Proposal
Institutional Partnership ProposalEamon Wizner
 
capital-and-collaboration
capital-and-collaborationcapital-and-collaboration
capital-and-collaborationRJ McGrail
 
Impact of Infrastructure Development on Mumbai’s Real Estate Landscape
Impact of Infrastructure Development on Mumbai’s Real Estate LandscapeImpact of Infrastructure Development on Mumbai’s Real Estate Landscape
Impact of Infrastructure Development on Mumbai’s Real Estate LandscapeLodha Group Issues
 
Utica Exec Summary PDF
Utica Exec Summary PDFUtica Exec Summary PDF
Utica Exec Summary PDFClint McManus
 
Construction Companies in the Cayman Islands: Construction's Impact On Develo...
Construction Companies in the Cayman Islands: Construction's Impact On Develo...Construction Companies in the Cayman Islands: Construction's Impact On Develo...
Construction Companies in the Cayman Islands: Construction's Impact On Develo...Cayman Contractors Association
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptxDealanddeals2
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptxDealanddeals2
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptxDealanddeals2
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptxDealanddeals2
 
FinancingTheInclusiveEconomy
FinancingTheInclusiveEconomyFinancingTheInclusiveEconomy
FinancingTheInclusiveEconomyVioleta Duncan
 
Big Spring Downtown Concept Plan, Part One
Big Spring Downtown Concept Plan, Part OneBig Spring Downtown Concept Plan, Part One
Big Spring Downtown Concept Plan, Part Onevoxo
 
Directory 2016 3rd ed. +Covers
Directory 2016 3rd ed. +CoversDirectory 2016 3rd ed. +Covers
Directory 2016 3rd ed. +CoversJoshua Wilson
 
Laf june 13 presentation final at 4.41pm ymd
Laf june 13 presentation final at 4.41pm ymdLaf june 13 presentation final at 4.41pm ymd
Laf june 13 presentation final at 4.41pm ymdsanelsonator
 
02.06.2015_Getting Down to Business_201502051742227962
02.06.2015_Getting Down to Business_20150205174222796202.06.2015_Getting Down to Business_201502051742227962
02.06.2015_Getting Down to Business_201502051742227962Chris Carrel
 
1 research proposal done on CBE eastern district.docx
1 research proposal done on CBE eastern district.docx1 research proposal done on CBE eastern district.docx
1 research proposal done on CBE eastern district.docxIliyasSufiyan
 
1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf
1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf
1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdfJimBarnes48
 
Downtown Helena Master Plan Executive Summary
Downtown Helena Master Plan Executive SummaryDowntown Helena Master Plan Executive Summary
Downtown Helena Master Plan Executive SummaryJeremy Keene
 

Similar to Mercantile building letter (20)

Summer project training on banks
Summer project training on banksSummer project training on banks
Summer project training on banks
 
The Economic Impact of Real Estate Development on Local Communities
The Economic Impact of Real Estate Development on Local CommunitiesThe Economic Impact of Real Estate Development on Local Communities
The Economic Impact of Real Estate Development on Local Communities
 
Institutional Partnership Proposal
Institutional Partnership ProposalInstitutional Partnership Proposal
Institutional Partnership Proposal
 
capital-and-collaboration
capital-and-collaborationcapital-and-collaboration
capital-and-collaboration
 
Impact of Infrastructure Development on Mumbai’s Real Estate Landscape
Impact of Infrastructure Development on Mumbai’s Real Estate LandscapeImpact of Infrastructure Development on Mumbai’s Real Estate Landscape
Impact of Infrastructure Development on Mumbai’s Real Estate Landscape
 
Utica Exec Summary PDF
Utica Exec Summary PDFUtica Exec Summary PDF
Utica Exec Summary PDF
 
Construction Companies in the Cayman Islands: Construction's Impact On Develo...
Construction Companies in the Cayman Islands: Construction's Impact On Develo...Construction Companies in the Cayman Islands: Construction's Impact On Develo...
Construction Companies in the Cayman Islands: Construction's Impact On Develo...
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptx
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptx
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptx
 
Park view city noc.pptx
Park view city noc.pptxPark view city noc.pptx
Park view city noc.pptx
 
DUDA Main Street Presentation
DUDA Main Street PresentationDUDA Main Street Presentation
DUDA Main Street Presentation
 
FinancingTheInclusiveEconomy
FinancingTheInclusiveEconomyFinancingTheInclusiveEconomy
FinancingTheInclusiveEconomy
 
Big Spring Downtown Concept Plan, Part One
Big Spring Downtown Concept Plan, Part OneBig Spring Downtown Concept Plan, Part One
Big Spring Downtown Concept Plan, Part One
 
Directory 2016 3rd ed. +Covers
Directory 2016 3rd ed. +CoversDirectory 2016 3rd ed. +Covers
Directory 2016 3rd ed. +Covers
 
Laf june 13 presentation final at 4.41pm ymd
Laf june 13 presentation final at 4.41pm ymdLaf june 13 presentation final at 4.41pm ymd
Laf june 13 presentation final at 4.41pm ymd
 
02.06.2015_Getting Down to Business_201502051742227962
02.06.2015_Getting Down to Business_20150205174222796202.06.2015_Getting Down to Business_201502051742227962
02.06.2015_Getting Down to Business_201502051742227962
 
1 research proposal done on CBE eastern district.docx
1 research proposal done on CBE eastern district.docx1 research proposal done on CBE eastern district.docx
1 research proposal done on CBE eastern district.docx
 
1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf
1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf
1-20-15 Urban Land Institute (ULI) Downtown Visioning Week Recap Memo.pdf
 
Downtown Helena Master Plan Executive Summary
Downtown Helena Master Plan Executive SummaryDowntown Helena Master Plan Executive Summary
Downtown Helena Master Plan Executive Summary
 

Mercantile building letter

  • 1. To Whom It May Concern, The Missoula Building Industry Association is proud to represent a multitude of diverse businesses that make up the building industry in and around Missoula. Those not involved with MBIA may not be aware that our membership includes a wide array of businesses, including vendors, architects, engineers, subcontractors, banks, insurance agencies, title companies, and even other non-profit associations. By the nature of our association, builders are our foundation, including some who primarily engage in new construction and others whose primary craft is remodeling existing structures. The future of the Missoula Mercantile building in downtown Missoula has emerged as a “hot button” issue for our community in recent weeks, following the announcement of HomeBase Montana’s proposal to redevelop the site. Because of the diverse nature of MBIA membership, weighing the financial impact within our industry of renovation versus redevelopment has not been a significant factor. Either type of project has the potential to provide employment and income for those who work in and are associated with the construction industry. Accordingly, MBIA’s evaluation of the two options facing the Mercantile building is based on broader considerations. The primary consideration is the economic impact on Missoula as a whole. A vibrant, active downtown is a crucial resource for Missoula. The restaurants, shops and other businesses, and ultimately the city as a whole, benefit from the revenue and improved tax base when our downtown area is enjoyed by our citizens and chosen as a destination by visitors. Unfortunately, the downtown corner occupied by the Mercantile building has stood vacant for six years now, awaiting an owner or developer with the vision and financial means to restore the structure and retain its full historic significance. Rather than serving as a source of revenue and adding to the vivacity of downtown, the vacant structure is currently an economic void and its deterioration detracts from the aesthetic appeal of downtown. After a substantial passage of time, it has become apparent that preserving the Mercantile building is unfeasible. An owner or a developer with a viable plan for restoration has not materialized. The further passage of time will only contribute to the continued deterioration of the building and prolong the economic stagnation of the parcel. The proposed redevelopment, including a hotel in close proximity to several live entertainment venues, restaurants, bars, shops, and the university, would become the headwaters for a new river of revenue that would flow throughout downtown and beyond. As such, MBIA joins with Mayor Engen, the Chamber of Commerce, Downtown Business Improvement District of Missoula, Missoula Downtown Association and others in support of moving forward with a plan to redevelop the Mercantile building. The completed project should reflect integrity with the architecture and design of downtown Missoula, and incorporate historic elements of the Mercantile building where reasonable. MBIA also urges HomeBase Montana and others involved in the redevelopment to maximize the use of local labor and prioritize utilization of materials and services provided by local businesses. The responsibility of redeveloping a building with an important place in the history of Missoula should carry with it the obligation of ensuring that it is primarily Missoulians whose labor and materials make it happen. Sincerely, Doug Cook Executive Officer, on behalf of Missoula Building Industry Association