The Michigan Street Corridor officially has a plan for future development within its district.
Less than a year after formally establishing the Michigan Street Corridor Improvement District and the Corridor Improvement Authority in May 2015, Grand Rapids city commissioners have approved the goals, priorities and funding plans outlined in the Michigan Street CID Development Plan and Tax Increment Financing Plan.
The plan was submitted by the Michigan Street CIA and prepared by Neighborhood Ventures. It outlines proposed improvement projects for the Michigan Street Corridor and details a 30-year TIF plan beginning in 2016 and ending in 2045 to leverage tax revenues from increasing property values to reinvest within the district.
Read More: Michigan Street Corridor plan complete
