Description
Title: Resolution of Intent to Alter or Amend the Boundaries of the Established City of Ann Arbor Downtown District, to Adopt the Ann Arbor DDA Amended Development and TIF Plan 2026-2055 Presented by the City of Ann Arbor Downtown Development Authority, and Set a Public Hearing
Summary
The City of Ann Arbor has adopted an amended Development and Tax Increment Financing (TIF) Plan for the Downtown Development Authority (DDA) extending to 2055. This plan outlines goals for enhancing public spaces, improving infrastructure, and supporting affordable housing, all aimed at fostering a vibrant, equitable, and sustainable downtown. Key initiatives include upgrades to streets, parks, and transit systems, with an estimated cost of around $986 million, funded primarily through TIF revenues. Public hearings will allow community input.