Dear BOMA Metro Detroit Members,

I truly hope that your summer has been filled with family, fun and success. It's been just over a half of a year sine I was trusted with BOMA Metro Detroit's steering wheel. We had a tremendous Trade Fair, Sold out Cornhole Tourney, Sold out Spring Golf, Sold out Boat Outing and with your help, we will also have a sold out Autumn Golf event. Only a handful of foursomes remain.

I've met so many incredible BOMA members already and I look forward to meeting you too! Reach out to me with questions or just to say hi! I make it a habit to reach out to you so you never know when you will get a call or message from me.

TOBY applications are due September 11 and all of the directions are on www.BOMADet.org

Scroll down to see what we are up to and...

Join us for BOMA TALKS Wednesday, August 21, 2024 - 12:31-pm to 1:31 pm

Thank you to our BOMA Brief 2024 Sponsor Partners!

Sincerely,

Rick R. Troy

Executive Director

EPISODE #5

Wednesday, August 21, 2024

12:31pm to 1:31pm



Microsoft Teams

Join the meeting now

Meeting ID: 248 762 620 785

Passcode: gxrquC

With your Hosts

Susan Light (GardaWorld)

and subbing in for Star Mosella,

Rick Troy

FEATURING BOMA Members



CornerStone Sponsor

Sustaining Sponsors

Supporting Sponsors

Benefactor Sponsors

Friend Sponsors

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Cities have undergone rapid changes in the wake of the pandemic, the rise in remote work and unprecedented vacancies. Through the lens of commercial real estate, CBRE's report, Shaping Tomorrow's Cities determined the six keys that will help cities thrive and their opportunities for driving change. In conversation with CBRE's contributors Julie Whelan, Global Head of Occupier Thought Leadership and John Stephens, Senior Director, Americas Consulting, they discussed their insights from the piece. Click here to read more.

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A PLOS ONE study revealed building collisions kill over 1 billion birds annually in the U.S. Only 40% of injured birds survive even with top rehabilitative care. To reduce this toll, experts advocate for bird-friendly building designs and reducing artificial light at night.Read More

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BOMA Metro Detroit -

As the Michigan Legislature takes an extended break to prepare for the November elections, your Government Affairs Committee has been extremely active communicating with key legislators regarding the misnamed “Prompt Payment Act.” More accurately, the legislation would deprive property owners and lenders of valuable defenses currently available under the Construction Lien Act while simultaneously mandating short payment terms that may be unrealistic on large and complex construction projects. Since 1980, the Construction Lien Act has provided contractors remedies for nonpayment and owners protections against double payment. The current legislation disregards the rights and remedies under the Construction Lien Act and creates more problems without solving the supposed underlying issue of payment in accordance with contract terms. 

The parties to construction contracts negotiate many terms extensively, and the payment process can include lenders, guarantors, government agencies, title companies, sureties and many others who have a stake in both contractual and statutory protections that currently exist. The proposed legislation would greatly upset those relationships and could seriously impede important projects such as affordable housing that may involve MSHDA or HUD or other public funders or guarantors because the proposed legislation contradicts the funding process, timing, and retainage requirements necessary for the protection of the lender. It is the type of legislation that creates unnecessary obstacles to positive community growth and commerce.

BOMA Metro Detroit's Government Affairs Committee provides relevant representation on behalf of its members. For more information contact RTroy@BOMADet.org

RESOURCES

BUILDING OWNERS and MANAGERS ASSOCIATION of METROPOLITAN DETROIT

12900 Hall Road, Suite 180 Sterling Heights MI 48323

info@bomadet.org | www.bomadet.org

Rick R. Troy, Executive Director