© 2024 WEMU
Serving Ypsilanti, Ann Arbor and Washtenaw County, MI
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Ann Arbor Council Postpones DDA Financing Action

Ann Arbor Downtown Development Authority

Ann Arbor City Council has now postponed action until their second meeting in October on proposed ordinance amendments to limit the amount of tax increment financing the Downtown Development Authority can collect.  

WEMU's Andrew Cluley has more.

  

It will be at least another month, probably two before Ann Arbor City Council considers ordinance amendments to limit the amount of tax increment financing the Downtown Development can collect. The delay comes as council is looking at a new formula that would capture growth at a set percentage, likely somewhere between three and ten percent.
DDA  executive director Susan Pollay says during this month long delay they will be running figures to see what the impact on projects would be based on the different possible funding caps.

Pollay adds that they will just be estimates because there is no way to know if enough developments will take place in any given year to ensure the DDA can capture the full amount of revenue. The amendments would also impose term limits on DDA board members and exchange the city administrator for the mayor on the board.

The ordinance amendments would also place term limits on DDA board members.  Council postponed action on the issue until October 21st.
 

Like many, I first came to this area when I started school at the University of Michigan, then fell in love with the community and haven’t left. After graduating from U of M in the mid 1990’s I interned at WDET for several years, while also working a variety of jobs in Ann Arbor. Then in 1999 I joined the WEMU news team.
Related Content