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DDA draft TIF plan lists $21 million for Ann Arbor farmers market; city says visioning, public engagement will determine outcome
Summary
The Downtown Development Authority's draft development and TIF plan identifies a potential $21,000,000 DDA contribution for the farmers market site, but Ann Arbor Parks and Recreation staff told the Market Advisory Commission the figure is an upper ceiling and that a public visioning process this fall will guide actual plans.
Remy, deputy manager at Parks and Recreation, told the Market Advisory Commission on May 15 that the Downtown Development Authority's (DDA) draft development and tax-increment financing (TIF) plan lists the farmers market as a potential downtown park investment and shows a DDA share of $21,000,000 for the site.
Remy said the draft plan, which the DDA took to City Council in April, lays out scenarios for how boundary changes and tax models could influence long-term investments across the DDA service area. “It appears to be a bit of a wish list,” Remy said, adding that the list presents an upper budget threshold rather than a predetermined commitment. “So while all of these potential projects are listed, it does not mean they'll all get done.”
Remy told commissioners the…
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