Dead tree - remove completely or grind down?

We have a tree that's about 16' tall in our yard that's right at the corner of our street and the cross street....we are also almost immediately into the subdivision so it's seen by everyone. It's completely dead, no life at all to it. Looks like it might have been dogwood? Anyhow, it's been there a few years and the roots look deep to me so I'm unsure about removing it and making a huge mess of my yard. I think we could cut it down and use the stump for decor....suggestions?
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