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DDA and 8‑Mile/ Woodward Corridor improvement authority annual reports received; officials explain bond call and library millage capture change
Summary
Representatives of the Detroit Economic Growth Corporation presented the Downtown Development Authority (DDA) and 8‑Mile/Woodward Corridor Improvement Authority fiscal‑year 2024 annual reports, explaining tax‑increment revenue, expenditures and recent bond refunding activity; committee received and placed the reports on file.
Representatives from the Detroit Economic Growth Corporation presented the fiscal‑year‑ending‑2024 annual reports for the Downtown Development Authority (DDA) and the 8‑Mile/Woodward Corridor Improvement Authority, documents required by Public Act 57 of 2018 and submitted to the state treasury with copies to the governing bodies.
Jennifer…
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