“We’re essentially here to make sure Downtown Ferndale keeps its vibe and keeps growing, keeps thriving, and keeps changing with the times,” Stevens said in a recent interview with Oakland County Times.
MML#6 – The Future of DDA and TIF Funding (Crystal A. Proxmire, April 13, 2017) Lansing, MI – There are 640 TIF Authorities through the state, and sometimes their value gets questioned when budgets get tight. As the Michigan Legislature discusses potential change to the Downtown Development Authority Act and other Tax Increment Funding (TIF)…
“The City is making an investment in our Downtown…and the results have spoken for themselves,” said Ferndale Mayor Dave Coulter when he and members of City Council voted 4-0 to lengthen the term of the TIF [Tax Increment Financing] District which allocates tax revenue to the DDA [Downtown Development Authority] for another 20 years.
Some things to look forward to for 2012 include an “art” theme to promotions, the further stabilization of finances and the potential expansion of the TIF area, and an I ♥ Downtown Ferndale campaign to include bumper stickers and viral videos.
The community input meeting takes place on Monday, Nov. 21, 2011 from 6:30pm-8pm at Woodward Avenue Candy Shop (23337 Woodward). Cristina Shepard-Decius announced the event at last Monday’s council meeting, saying “We want to find out business needs for Woodward Avenue. How do you interface with businesses that are along there?”
Those who were unable to attend the “Back to the Future” event, there will still be opportunities to share your vision and ask questions. When the proposal comes before council there will be opportunity for public discussion. There will also be a survey on the DDA website in the coming weeks, along with more information about the TIF plans.