What is TIFA? The Tax Increment Finance
Authority (TIFA) Board is an overseeing body
of the Highland Park Tax Increment Finance
(TIFA) district. A TIFA district is an
economic development tool that captures
increases in taxable property within a
certain boundary from a certain base year
and sends it to a separate account. The
money collected is to be used for various
projects, programs, and purchases to
improve the overall vitality of the district.
Many communities use these funds to
operate façade improvement programs or
special events in the district, to incentivize
new development, purchase vacant
properties for redevelopment, or to hire
additional public services (i.e. trash removal
and snow plowing) for the district. real estate local service realtor
Our Strategic Development Plan (the “Plan”) will provide recommendations for TIFA District development, public space, infrastructure, and
The Plan will create a common and accessible
platform for community engagement that drives programming, public investments, and the welcoming of new ideas and people while
celebrating what makes Highland Park special.
The Plan will bolster TIFA operations to achieve the outcomes in the Plan.
Highland Park will,
Be a distinct place with activity and investment along and just off of Woodward Avenue.
Maximize the value created by the intersection of the Greenway and Woodward Avenue.
Capitalize on its proximity to downtown Detroit,
Midtown, Wayne State, New Center, Ferndale, Royal Oak, Livernois, and all of the region’s expressways.
Be a safe and enjoyable place to walk.
Driving Force and Support for Entrepreneurship
in Highland Park.
The targeted recruitment will be focused around the intersection of Gerald Street. At this time several of the popup activation leading to a restaurant, a music and dance
venue, the potential for an arts based studio or gallery, and a fitness center/climbing wall in the former theater. As permanent bricks-and mortar investment is being made, entrepreneurial opportunities can be expanded through small temporary retail structures can be clustered to create a destination market that
may incubate new, small companies.
The primary job of the TIFA is to attract
investment to the TIFA district. The impact of
that investment should service the greater
common good of Highland Park, allowing it to
afford the services and functions of a liveable
and equitable city. This is a full time job.
Adequate staffing and resources will be
critical to the implementation of the initiatives
presented in this plan.
CITY OF HIGHLAND PARK
INSTITUTIONS & COMMUNITY GROUPS
STATE OF MICHIGAN
12050 WOODWARD AVE
HIGHLAND PARK, MICHIGAN 48203-3578
313-252-0050 EXT. 257
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