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. STOCKS TAX-FREE BONDS MUTUAL FUNDS By Appointment T A X E E M P T U N Your Home or Office AMIN- F, First of Michigan Corporation Members New York Stock Exchange, Inc Fek1 ■•■■• •1 ■ 110 AMMO 111■11111 isms IMO 11•11111.1M MO, ONO.= 41 ■ 10. A 1.01/ INVESTMENTS 41.1 ■ OMB • =. 11, ■■ custom shirts by marilvn A L Herman Schwartz Senior Vice President - Investments P L T T •N R N 6230 Orchard Lake Road, Suite 230 U West Bloomfield, MI 48322 S N (810) 855-2100 T G S 1-800-654-1443 TAX DEFERRED ANNUITIES IRA's MONEY MANAGEMENT 11•■■ ww••• Custom Shirts & Accessories At Discounted Prices - Providing the Best Prices and Service in Oakland County! — please call — S Men's Fashion Coordinator & Shirt Designer For 20 Years 4C0-1235 FOR LIKE-NEW WOMEN'S & CHILDREN'S DESIGNER fashions & accessories CONSIGNMENT CLOTHIERS DAVID BIBER 541-4133 • (810) 656-9500 Crestview Cadillac Call today for a EREE housecall appt. or in-store appt. 347.4570 4304I W. 7 Mile • Northville 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