Boyne Goes Big: Revised debt structure enables reacquisitions, upgrades

[caption id="attachment_15883" align="alignleft" width="300"] Big Sky Resort, Big Sky, Montana[/caption] It started with a one dollar bill and a young man's dream to own a ski hill. Boyne Resorts, North America's third-largest mountain resort company, was founded when 30-year-old Everett Kircher bought 40 acres of barren property...

Credit Unions Look to Serve Marijuana Businesses

This isn't your father's credit union. Credit unions, long known for loans to everyday Joes, are looking into a controversial new market: the cannabis industry. Since the state began licensing dispensaries, interest in marijuana-related businesses in Michigan is rising. This could allow credit unions and other financial institutions...

Boating Registrations Swell in Region

Boat registrations in Michigan have fallen 10 percent since peaking in 2003, but the five-county Grand Traverse region is bucking the trend. That’s not a surprise to Rick Venner, general manager of Harbor Springs-based Walstrom Marine’s Traverse City showroom, which sells new and used boats ranging...

Making Waves: Paddlesports community questions potential fees

A proposal that would require owners of kayaks, canoes and paddleboards to register their craft with the state is generating a boatload of controversy in the paddling community. The Michigan State Waterways Commission passed a little-noticed resolution in February recommending that paddlecraft owners pay a registration...

Tax Cuts a Boon for TC Businesses

Sweeping federal legislation that provides lucrative tax cuts to businesses also is helping to fatten the wallets of Traverse City State Bank’s employees. The bank announced in February that it was giving each of its 90 employees a one-time $750 bonus because of the federal tax...