The Traverse City Downtown Development Authority was created in 1978 to halt property value deterioration and to increase property valuation where possible in the business district of the City; and to eliminate the causes of deterioration and to promote economic growth. The DDA was created under Michigan Public Act 197 of 1975.
The DDA operates under three budgets: an operational budget and separate budgets for the two development districts. DDA operations are funded out of the DDA's general fund, whereas public capital improvements are funded out of the TIF 2 fund and TIF 97 fund & the TIF 2 and TIF 97 plan. Learn more about theTIF Districts here and check out a map of the district here.