Stockman Bank looks to add another location in Missoula
MISSOULA,Mont. - Stockman Bank is asking the Missoula City Council to approve a new bank on the corner of Brooks Street and Dore Lane.
The request comes from Mike Tuss, a principal at CTA Architects, on behalf of William Coffee, the CEO of Stockman Bank, as the bank looks to construct a nearly 49,000-square-foot building.
The new construction is welcome news for some neighbors. Charles Culver, the owner of Culver's Foreign Car Service, sees it as an opportunity.
"The Cinema 3 theater was there, and they tore it down. It's become kind of a blight, so it will be nice to see the improvements with Stockman Bank coming in," said Culver.
Doug Hannan, who also owns a business in that area, remembers when the movie theater was torn down. He is hopeful the bank will bring added business to his sign shop.
"I think it will help get more people in the neighborhood, you know, people may not have driven by here before, and with people driving by daily it means a lot more people in the neighborhood; that helps business," said Hannan.
Owners of the Sleep Inn on Brooks Street oppose the new bank. According to a letter to Missoula City Council they believe having the three-story building across from them will deter potential customers. A lack of visibility will hurt their business.
Culver understands business, and as much as he likes the idea, he does know property taxes may increase.
"I'm concerned about property values going up. The increasing property taxes, as a result, it makes it more of a challenge to run a small business with increasing property taxes," said Culver.
Missoula City Council will be holding a public hearing next Monday.