T.C. Hotel Indigo Moves Forward

<p><em>From The Traverse City Business News </em></p> <p>A hotel planned for Traverse City's up-and-coming Warehouse District is moving forward. Higher costs and trouble with <a name="_GoBack"></a>financing had put the project on hold.</p> <p>If built, the Hotel Indigo would overlook Grand Traverse Bay and become the anchor business for a downtown district that had been blighted for decades. It would also be the city's first "boutique hotel."</p> <p>The developer has submitted a letter to the Downtown Development Authority saying plans are to move ahead with the $14 million dollar project, expected to include a restaurant, spa, rooftop garden lounge, conference room-banquet hall and underground parking.</p> <p>It's still not clear whether a pedestrian tunnel will be built to connect the Warehouse District to the water at the other side of the busy parkway that separates it. In February the DDA voted to put a million dollars in TIF savings toward the project. But a new cost estimate of $2.3 million dollars is twice what a tunnel was originally projected to cost.</p>