Oakland Co. leaders, bankers tour investment options in Pontiac - Dallas News | myFOXdfw.com

Oakland Co. leaders, bankers tour investment options in Pontiac

Posted: Updated:
(WJBK) -

Pontiac is experiencing a rebirth. Sheriff deputies cut response time to it's lowest ever, violent crime has dropped 33 percent from 2010 and the former emergency manager balanced its books.

Now developers are buying in.
 
"On the residential end here in Pontiac we're 100 percent occupied in all the units we have available and our residential rates are moving up every month," says Kyle Westberg, from West Construction Services.
 
Kyle Westburg developed Lafayette Lofts, the market next door and brought in Anytime Fitness beneath them. It was the first stop in a tour for bankers led by Oakland Co. Treasurer Andy Meisner, along with new mayor Deirdre Waterman.
 
"I invest about a billion dollar portfolio on behalf of Oakland County tax payers, and part of that strategy for me is to make sure that the banks and credit unions that we're investing with are being good partners with Oakland County," says Meisner.
 
That means investing in Pontiac, which many entrepreneurs are doing.

"We've had engineering firms come in, IT firms come in and now we have some more retail that's starting to pop up downtown," says Westberg.
 
"When I close my eyes and think about what Pontiac could be I see a small Chicago, and I think that can be just several years in the making if we get these banks and credit unions doing what they should be do, which is giving our entrepreneurs a fair shake at lending opportunities," says Meisner.
 
So Pontiac is safer, bankers and investors are pouring more money into the city but some will tell you it's coming at a great cost.
 
"Nobody's talking about the loss of the vote in the city of Pontiac," says Councilman Kermit Williams. He says he's thrilled that Pontiac is on the cusp of a comeback, but says elected leaders still are not in control of the city. When the emergency manager left in August he made a new position called the city administrator and gave it all the financial authority he had while in office.

  • Local NewsLocal NewsMore>>

  • All you need to know about Arts, Beats and Eats 2014

    All you need to know about Arts, Beats and Eats 2014

    Friday, August 22 2014 2:10 PM EDT2014-08-22 18:10:07 GMT
    Celebrating its 17th year and returning to the bustling streets of Royal Oak from Aug. 29 - Sept. 1, Ford Arts, Beats Eats presented by FirstMerit Bank will entertain thousands of visitors from across the region with its outstanding music line-up, stellar arts programming, mouthwatering selection of food, and a number of new attractions this Labor Day weekend.
    Celebrating its 17th year and returning to the bustling streets of Royal Oak from Aug. 29 - Sept. 1, Ford Arts, Beats Eats presented by FirstMerit Bank will entertain thousands of visitors from across the region with its outstanding music line-up, stellar arts programming, mouthwatering selection of food, and a number of new attractions this Labor Day weekend.
  • Police catch 3 suspects after Rite Aid robbed on Detroit's east side

    Police catch 3 suspects after Rite Aid robbed on Detroit's east side

    Friday, August 22 2014 11:50 AM EDT2014-08-22 15:50:34 GMT
    Authorities have caught three suspects after money was stolen from a a Rite Aid Friday morning on Detroit's east side.
    Authorities have caught three suspects after money was stolen from a a Rite Aid Friday morning on Detroit's east side.
  • Family of man who died at local concert defending suspect

    Family of man who died at local concert defending suspect

    Friday, August 22 2014 11:48 AM EDT2014-08-22 15:48:29 GMT
    The son of a 55-year-old Westland man who died after an alleged assault at a concert said the 15-year-old teen being investigated is not to blame.
    The son of a 55-year-old Westland man who died after an alleged assault at a concert said the 15-year-old teen being investigated is not to blame.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices