The paid parking conundrum in downtown West Dearborn could be helped with the introduction of a free valet parking system for the entire downtown district, at least that is a plan being shopped by Cambridge Real Estate and Fakhoury Ventures.

In a letter to Deepsaidwhat.com, Yasir Kaskorkis, the property manager for Cambridge Real Estate, says he and Fakhoury Ventures have been working with the ECD and DDA to help support a free valet parking system. It is an interesting idea.  His letter begins below.

To Whom It May Concern:

My name is Yasir Kaskorkis and I am a property manager for Cambridge Real Estate, who also oversees all Fakhoury Properties in Downtown West Dearborn. As many of you are aware, there has been a decline in patronage to the downtown district since the necessary paid parking increases took effect in July. Besides the economic conditions, a competitive project in Allen Park (with free parking) and a decrease in business population have affected us tremendously. You will all agree the businesses in the district with no paid parking are at a significant competitive advantage to those who require their patrons to pay.

Paid parking has been a controversial topic, and it looks as though it will continue to be for some time. As business people, we must learn to work within our constraints. That is why over the past several months Cambridge Real Estate and Fakhoury Ventures have been working with the ECD and DDA to help support a free valet parking system for the entire downtown district (the first of its kind in the Metro-Detroit area). We will be requesting marketing funds from the DDA to help fund this operation. The funds will serve to alleviate the burden of operating the system from the business owners and to promote the free valet parking system. These are funds we desperately need in order to make this project successful. The amount of funds put forth by the business owners will be dependent on the amount of funds approved by the DDA. As we inch closer to accomplishing our goal, we politely request your support for the district wide valet system. Your patrons will be treated to free valet and will no longer have to be concerned with parking fees. We have plans to promote the free valet system through various media outlets, in attempts to gain back the clientele that once brought prosperity to Downtown West Dearborn.

The more parking rates increase, the more difficult it will be to attract customers and retain current business. The time to act is now; we need your support more than ever. We ask that you spread the word in an attempt to bring people together to make Downtown West Dearborn a destination spot in the Metro-Detroit area. Everyone is affected by lack of business, from your managers to your employees. Our goal is to enhance downtown West Dearborn to make it a viable retail destination, and with your help we can make this happen. We look forward to a constructive working relationship with all of the parties involved. Please call and/or email your Dearborn Councilman and Woman or your DDA Board Member.

Thank you,

Yasir Kaskorkis

22022 Michigan Avenue

The City of Dearborn received the highest rating possible by the University of Michigan-Dearborn’s Center for Innovation Research (iLabs) for fostering entrepreneurial growth and economic development.

Dearborn was honored as a five-star community through the program known as eCities for its efforts to promote investment and for its support of businesses pursuing innovative endeavors.

This is the first time that Dearborn has been named a five-star community by the UM-D’s iLabs, having earned a commendable four-star designation in 2010.

Dearborn Mayor John B. O’Reilly, Jr. said the five-star designation reflects the city’s commitment to encouraging a dynamic and diversified economy.

“Dearborn continues to promote economic development and commercial investment. We also have a great track record of smoothing the way for innovative approaches. We appreciate this distinguished recognition of our efforts,” O’Reilly said.

“We are fortunate that there is a high level of interest among a variety of large and small companies who value the business climate in Dearborn and are investing here. This is illustrated by the 300 commercial re-occupancies we saw in the past year,” O’Reilly said.

Most notably, Severstal North America recently engaged in a $1.5 billion investment, formalizing its North American Headquarters in Dearborn. The 2010 addition of more than $700 million in steel finishing elevates this advanced manufacturing center to a global leader in steel technology.

O’Reilly said, “Severstal’s investment in their operations in Dearborn extends the life of this plant by at least 50 years and retains nearly 2,000 local jobs. This is great news for Dearborn and southeast Michigan.”

Dearborn was honored along with 43 other communities recognized by iLabs at a ceremony at UM-Dearborn on Nov. 16.

In addition to Dearborn, 20 other cities were named five-star communities, including Ann Arbor, Auburn Hills, Grand Haven, Farmington, Kalamazoo, Rochester Hills and Southfield.

“We are pleased to have participation from so many communities throughout the state in eCities 2011,” said Tim Davis, director of iLabs.

“The focus of this project is assisting local communities by identifying best practices and methods that they can implement, which will aid with job growth strategies, economic diversification, and development of entrepreneurs,” he said.

The annual eCities research project, which began in 2007, uses data supplied by the participants, as well as other public records, to assemble a six-factor, 32-item index of entrepreneurial activity, looking at such factors as clustering, incentives, growth, policies, community and education.

The study focuses on entrepreneurship because of its importance to expansion and diversification of Michigan’s regional economies and the impact small businesses have on job creation. To date, 138 communities across Michigan have participated in the study.

Let’s hope Dearborn can leverage this award as a way to attract other businesses to locate in our city.