DDA Finance Committee
Detroit Downtown Development Authority
Wednesday, Oct. 26, 2022
3:00 p.m. — 5:00 p.m. EDT
Remote
This meeting was originally a Regular Board meeting, but has been rescheduled as a Finance Committee meeting.
Here is the meeting notice and agenda: https://degc.wpenginepowered.com/wp-content/uploads/2022/10/10-26-22-DDA-Finance-Committee-Meeting-Notice-and-Agenda.pdf
Join Zoom Meeting https://us06web.zoom.us/j/87275519839?pwd=Nk9NNjU3UnRhOW1NbmNWU3Ixay9TZz09
Check the source website for additional information
Reporting
Agency Information
Detroit Downtown Development Authority
The Downtown Development Authority (DDA) was established pursuant to Michigan Public Act 197 of 1975, as amended, and supports private investments and business growth through loans, sponsorships and grants, capital improvements to public infrastructure and additional programs designed to increase economic activity. Funding for DDA programs comes from a number of sources such as grants, contracts, interest on loans and captured tax increments – increases in property taxes that result from new investments – on approved developments. Property owners within the DDA district pay a 1 mill property tax to fund the basis operation of the DDA.