6/25/14 - Lake Trust Credit Union held an unconventional groundbreaking ceremony for its new headquarters building in Brighton Tuesday. Lake Trust is planning to consolidate its main buildings in Lansing, Brighton, and Plymouth into a single new state-of-the-art facility in Brighton. Work has already begun at that site, but it is mostly flat dirt at this time. Therefore, the groundbreaking for the facility took place in the parking lot of the Brighton Community Center using a shovel and a symbolic box of dirt. Dozens of Lake Trust employees, local residents, and officials turned out for the celebration, which took place under a tent due to the inclement weather and featured a brass quintet, catered food, and shuttles to the construction site. The new facility will cost Lake Trust $30 million, but President and CEO David Snodgrass says the company plans to sell off the other three facilities, two of which are reaching the end of their useful lifespan. While the price tag of the new facility is steep, Snodgrass says the improved efficiency of the new building will save a total of $7 million in operating costs over the next 20 years. Snodgrass adds that the new headquarters will be very modern and promote a corporate atmosphere of transparency, with an open floor plan, natural features, and no private offices. (TD)
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