UPDATE: The DTM Development and TIF Plan was transmitted to Midland City Council at the June 10 meeting.  A public hearing on the document will be held at the July 22 City Council meeting.   You are invited to review the attached document and provide your feed back to Midland City Council on July 22, 2024.

Drafted Plan for 2024-2044: Downtown Midland’s Development and Tax Increment Financing Plan

In March 2023, the Downtown Development Authority (DDA) contracted with McKenna Associates to undertake an update to Downtown Midland’s Development and Tax Increment Financing Plan (Plan). This Plan will help guide Downtown Midland’s projects and funding plans for the next 20 years.

The draft Plan is the result of extensive outreach and input from Downtown Midland stakeholders, including the boards that direct Downtown Midland, residents, businesses, and property owners of the district, and Midland residents and visitors who enjoy the shopping, dining, entertainment options found in Downtown Midland.

Based on input received, the draft Plan includes a comprehensive list of projects Downtown Midland could pursue. It is important to note that the timeline for these projects is flexible, and projects may move forward, be delayed, or not pursued at all based on further evaluation. Similarly, the cost estimates provided in the Plan are high-level estimates and may not reflect the project’s final costs at the time of implementation.

The goal of the Plan is to create a vibrant and sustainable downtown that meets the needs of residents, businesses, and visitors alike. The Plan focuses on projects that enhance the quality of life, promote economic development, and preserve the character of Downtown Midland.

This Plan will help ensure the long-term success of Downtown Midland and underscore the district’s importance to the Midland community and Great Lakes Bay region.

The DDA Board will hold a public hearing on the draft Plan and make final revisions at its May 8, 2024 meeting. After the DDA adopts the Plan, it will be recommended to the Midland City Council for formal public review and consideration of final adoption.

We look forward to your input on the draft Plan and working together to finalize a Plan to benefit the entire community.

 

Drafted Plan for 2024-2044: Downtown Midland’s Development and Tax Increment Financing Plan

Previous Plan of Work: 2020-2022 Strategic Plan of Work.