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May 10, 1996 - Image 56

Resource type:
Text
Publication:
The Detroit Jewish News, 1996-05-10

Disclaimer: Computer generated plain text may have errors. Read more about this.

12 MONTH
CERTIFICATE

5.25'
535'

INTEREST RATE

A.P.Y./*

60 MONTH
CERTIFICATE

5.75%

The front of the planned Star Theatre on 12 Mile Road.

INTEREST RATE

How Does
`Southwood' Sound?

51370

A.12.Y./*

These are fixed rate certificates of deposit that are insured by Federal Deposit
Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00
is required to obtain the stated Annual Percentage yield.

Elagstrer Bank

400 0r*****.

* **
Federally h s :surrd ***
*
to $100.Cce


• e *

CALL (810)338-7700 or (810)352-7700

EQUAL HOUSING
OPPORTUNITY

Main Office 2600 Telegraph Rd. Bloomfield Hills, MI 48302

Annual percentage yield when compounded quarterly. Rate is accurate as of 5/10/96. Penalty for early withdrawal from certificate accounts may be assessed.

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Southfield expects a cultural and economic
windfall from a lavish 20-screen theater plaza
at 12 Mile and Telegraph.

JULIE EDGAR STAFF WRITER

S

outhfield is about to get 22
acres of cameras, lights
and plenty of action.
A recent out-of-court
settlement that paves the way
for the flashy, art deco-style, 20-
screen Star Theatre complex,
complete with shops and restau-
rants, means jobs, money and
excitement, say city officials.
The mammoth entertainment
center might also spawn bigger
traffic snarls and more noise and
pollution along 12 Mile Road.
Residents of condominium and
apartment complexes between
Northwestern Highway and
Telegraph, one of the most heav-
ily traveled areas in the county,
fear the 180,000-square-foot mul-
tiplex will compound an already
nightmarish task of getting in
and out of their complexes.
For Wellington Place Manor,
the placement of the theater dri-
veway is particularly trouble-
some. It will be directly across
from the entrance to the com-
plex.
"We asked the city to have the
theater move its driveway, but
the city refused to give us any
protection," said Marilyn Biller,
head of Concerned Citizens of 12
Mile Road and an 8-year resi-
dent of Wellington Place. A traf-
fic signal is planned for 12 Mile
Road and Dufty, a small road
that Wellington Place residents
share with a fire station and a
Knights of Columbus chapter
that's planning an expansion of
its banquet facilities.
Southfield City Councilman
Sidney Lantz, a staunch oppo-
nent of the theater project since
it was first proposed, agreed
with Ms. Biller that more pile-

ups and pollution are inevitable.
"The amount of cars that will
be in the area at any time will
be an environmental disaster.
I'm just sick over it," he said.
Undoubtedly, the project could
be a boon for city coffers, Mr.
Lantz allowed, "but at what cost
to those people?"
Yet, at least two traffic stud-
ies showed that the theater traf-
fic won't clash with the no/mai,
rush-hour flow along 12 Mile
Road. A widening of 12 Mile
Road, west of Telegraph, is
planned, as well.
It also happens that the site
was zoned for "regional center"
projects nearly 30 years ago —
before the apartment and condo
complexes were built, Southfield
City Council President Eli
Robinson pointed out.
"Probably the real culprits are
real-estate developers who sold
those people those condos with-
out disclosing that was regional
center land and probably could
be developed," Mr. Robinson
said.
But modifications have been
made to the marquee, and de-
velopers agreed to scale back the
height of a spire that will front
the theater.
Plus, the driveway is set off to
an angle so headlights from cars
leaving the theater at night
won't shine into the windows of
the residents across the street.
According to Nick Banda,
Southfield's planning director,
if the Star Theatre costs the $25
million its developers estimate
it will, the city stands to gain
over $200,000 a year in tax-gen-
erated revenue.
He said he's heard from the

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