Kalamazoo DDA seeks to avert ‘crisis’ with new business model

KALAMAZOO — Officials in Kalamazoo hope that a shift in structure for its Downtown Development Authority will spur new projects and encourage continued investment in placemaking initiatives.

The cash-strapped DDA, which is administered by the nonprofit Downtown Kalamazoo Inc., hopes to enlarge the boundaries of the tax increment financing (TIF) district and create a corridor improvement authority. The proposed Downtown Kalamazoo Economic Growth Authority (DEGA) then would absorb the existing DDA and be eligible to tap into additional state dollars.

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Posted Under: CBOR News