TC Chase Bank Building Sold To Local Partnership

The Chase Bank building in downtown Traverse City has been sold.

The deal closed on December 23rd.

The previous owners were from out-of-state.

The building will now be owned by Miller-Snowden Development Group. A partnership between Miller Investment Company and local developer Jerry Snowden.

The Downtown Development Authority says they are glad to have the building in the hands of someone local.

The new owners of the building say they plan to do upgrades, and their goal is to renew all the current tenant leases.

9&10's Vanessa Fayz and photojournalist Jared Barraco have more details.