lo res - The Village at Grand Traverse Commons

S
tatistics
From 1990 to 2000, population growth in the 13-
county Grand Traverse region increased 22%,
compared to a 7% increase in Michigan.
Earnings of persons employed in the Trav-
erse City area increased (in thousands)
from $2,191,360 in 1990, to $4,266,641 in the
year 2000.
The city’s average annual growth of per cap-
ita personal income over the past ten years
was 4.4 percent. The national annual growth
rate was 4.2 percent.
Munson Medical Center, the largest hospital
in Northern Michigan, is located on the Com-
mons 'campus' immediately adjacent to The
Village. It is the city's largest employer with
4,000 employees.
Northern Michigan College, located in Traverse
City, enrolls more than 4,000 students in ac-
credited programs; 8,000 in non-credit pro-
grams; and partners with 11 Michigan colleges
and universities.
The Traverse City area attracts over 3 million
visitors to the region annually, and employs
more than 11,000 area residents in the service
industry..
National retail and resort chains are capitalizing
on the region's increased buying power and
market demands. Expansions and new develop-
ment added more than 800,000 square feet to
suburban retail centers, and another 40,000
square feet in resort attractions.
The positive economic indicators that attract
residential and commercial investment.
Michigan Tourism spending was estimated at
$11 billion for 2000. The 13 county region of
Northern Lower Michigan captured 20% of the
State’s total.
Michigan has over 36,000 miles of rivers and
streams, and over 11,037 inland lakes. No
point in Michigan is over 6 miles from a river,
lake or stream, or 85 miles from one of the four
surrounding Great Lakes.
Michigan ranks #1 with more registered water-
craft per capita than any other state, including
Florida, and ranks second with the largest num-
ber of public golf courses.
Tourism spending in the greater Traverse
City market pumps over $530 million into the
region’s economy each year, compared to
$167 million from agriculture.
The Grand Traverse region is one of four Direct
Market areas in the State that accounts for 80%
of travel to Michigan.
86% of visitors to this area are from Michigan,
its five surrounding states, and Canada.
The per person per day expenditure of all visi-
tors to the Traverse City area for transportation,
meals, entertainment, lodging and shopping
was $106 in 1998, compared to $101 in the City
of Chicago for the same year.
SOURCES: Traverse City Area Chamber of Commerce
Traverse City Visitors and Convention Bureau
US Department of Labor, Bureau of Labor Statistics
MSU Resource Center, Michigan Travel Indicators
Traverse City Newcomers . Census 2000
Record Eagle . Michigan Historic Preservation Network
Site Selection Magazine