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Troy Downtown Development Authority approves 2025—26 budget, allocates $3 million for corridor and pedestrian projects
Summary
The Troy Downtown Development Authority unanimously approved its 2025—26 budget and three-year plan, freeing up DDA funds for capital work including $3 million for corridor improvements along Big Beaver, landscaping, pedestrian upgrades and rehabilitation of the southwest corner at Big Beaver and Livernois.
The Troy Downtown Development Authority board voted on April 16 and the City Council approved the DDA—s proposed fiscal year 2025—26 budget on May 5. CFO Robert Malzak told council the DDA—s refinancing means the authority will be able to move from debt repayment into funding capital improvements.
The adopted DDA budget includes approximately $3,000,000 in capital for corridor improvements on Big Beaver: landscaping and upper embankment work near the diverging-diamond interchange (DDI), pedestrian…
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