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 Old Town TIF fund and TIF 97 fund & the Old Town TIF plan and TIF 97 plan. Learn more about the TIF Districts here and check out a map of the district here.