Business I entrepreneurships Their Ticket from page A31 recently to become the company's communications director — the fourth generation of the family to work in the business. "Not only that, but we own an 11- acre parking area across the street from the Pontiac Silverdome," said Jim Miller. "That was great when the Lions and Pistons played there, but the Silverdome has been empty for years now [although it's currently being considered for redevelopment by several companies]. "It's a con- tinual challenge to obtain good, new parking locations anywhere in the metro area." On the positive side, Miller Parking Co. charges $1.50 for a half hour and $15 for 24 hours at the downtown structure ("compared to $40 in Manhattan:' Miller points out), and other lots are flourishing around the city, including lots next RETIREMENT PLANNING As a client of the Fifth Third Private Bank, you'll have access to a wide range of financial solutions to help you reach your goals and maximize your assets; from wealth planning and trust services to investment advice and consulting. But that's not all we offer,. We know that, the complexities of the financial world can sometimes be a • little overwhelming. That's why we provide you with a team of dedicated investment professionals who will help you develop a simplified financial plan that's both easy to manage and easy to understand. To arrange a consultation with a Fifth Third Private Bank Advisor, call 1-800-246-5372. Fifth Third Private Bank is a division of Fifth Third Bank offering banking, invest ment,and insurance products and services.Filth Third Bancorp provides access to investments and investment services hrough various subsidiaries. Investments a - nd investment Services Are Not FDIC Insured Offer No Bank Guarantee Are Not insured By Any Federal Government Agency May Lose Value Are Not A Deposit insurance products made available. through Fiflh Third Insurance Agency, Inc FIFTH THIRD PRIVATE BANK The things we do for dreams' 1395640 A32 July 10 • 2008 An unusual aspect of the business is that they're selling a service that everyone wants free. to the riverside Chene Park, which is a busy venue for concerts and high school graduations; the revitalized Music Hall for the Performing Arts downtown, and the old, but still in- use Wayne County Court building. The Millers also operate Miller Valet Parking Co. in Southfield, which handles about 200 special- ized parking events a year, such as private parties and shivah houses, mainly in the northern suburbs. There are 130 employees in the Miller offices and lots, a far cry from the late 1920s when Nathan Miller came to the Detroit area from Massachusetts to work for a parking lot entrepreneur, who was acquiring lots around the city. "My father then got going in the parking lot business as a one- man operation, strictly on his own, using his own money and business know-how:' said Bruce Miller, who is now semi-retired. He and his wife, Dorie, live in Bloomfield Hills. "His business got a big boost when he re-negotiated 30 parking lot leases during the Depression days of the 1930s." Nathan Miller died at the age of 76 in 1975. Bruce, who has an engineering degree from Illinois Technological University and a business degree from the University of Michigan, worked in his father's lots as a teen- ager. "That was an era when the parking lot employees always parked the cars for the drivers:' he said. "They didn't just sit in the shack and hand them a ticket as they left." Jim Miller graduated from Detroit Country Day School in Beverly Hills and got an economics degree from the University of Michigan, where he met Arleen, a French major. They both graduated from Wayne State University's law school in Detroit. While not many French people park cars in Detroit, Arleen says, "Our law backgrounds are invaluable in the day-to-day operation of a business?' The Millers also have two sons: Nathan, who is involved in Internet businesses, and David, an Oakland University student. The family belongs to Temple Emanu-El in Oak Park and created the Miller Family Cancer Research Fund at the Weizmann Institute of Science in Rehovot, Israel. Jim is on the Jewish Federation of Metropolitan Detroit's Real Estate Committee. "The Millers are really a hamishe family:' said employee Gayle Docks of West Bloomfield. "Besides run- ning a family-owned, successful business, they are very involved in the Jewish community." An unusual aspect of the busi- ness is that they are selling a ser- vice that everyone wants free. "Just think about it:' said Jim. "All drivers would like to park free wherever they go and park absolutely as close as possible to where they're going. So we have to convince people that there's usually no such thing as a `free lunch' in life or, in our case, no such thing as free parking. For example, people may think they're parking free at a shopping mall, but the stores really bury the cost some- where in the price of the merchan- dise they sell." Despite cyclical downturns, experts expect the auto business to last forever — in one form or anoth- er and, added Jim Miller, "There will always be cars and trucks for the Miller Parking Co. to park?' 0