Stories indexed with the term ‘video’

The storefront of Liberty Street Video at 119 E. Liberty in Ann Arbor.

When the economy soured last year, Dave Kozlowski still felt optimistic about the prospects for his business, Liberty Street Video. After buying the store in 2007 and investing in new inventory, sales were growing 10-15% each month, and he had finally stopped losing money.

But in January, he says business took a turn for the worse. Since then, sales at the East Liberty store have dropped around 5-8% each month, with no sign of improving. So with his lease up for renewal at the end of the year, Kozlowski has decided to close the last independent video store in Ann Arbor.

Sunday will be the last day of the store’s regular hours. It will be closed on Monday and Tuesday, then reopen on Wednesday with truncated hours: from 2-8 p.m. weekdays, and noon-8 p.m. on weekends. The goal is to sell off all inventory, including DVDs for $5 and $2 for VHS tapes. Kozlowski says he’s hoping to recoup some of his roughly $200,000 investment and pay down $40,000 in debt, including the $10,000 in back rent he owes the landlord, Ali Amiri.

“It’s been fun,” Kozlowski told The Chronicle. “I love it. I love the town.” [Full Story]

The DDA board heard from the public on the topic of snow removal downtown, including the person attached to this foot, whose holiday gifts included some pullover gadgets with non-slip metal coils.

Downtown Development Authority Board (Jan. 7, 2009) The Main Street Area Association had hoped for a year-long delay in the parking rate increases that were approved by the DDA board at its Nov. 5 meeting. But after discussing that possibility – and the borrowing of $3.65 million from the TIF fund that the year’s delay would require – the board left their original proposal intact. However, it will not be put before city council for final approval on Jan. 20, as originally planned.

Instead, the rate hike, which is part of the same packet of materials as the Fifth Avenue underground parking garage project, will be placed on the agenda for the second council meeting in February. The board settled on this delay when mayor of the city of Ann Arbor, John Hieftje (who serves on the DDA board in that capacity) announced that the council’s budget and finance committee had indicated a preference to see that packet delayed until February. Hiefjte warned that if it were placed on the Jan. 20 agenda, it would simply be postponed by city council. [Full Story]