The DDA's purpose is to use its various resources to invest
in the downtown area. This economic development purpose
requires the DDA to recognize the infrastructure and marketing
needs of the downtown, and then to prioritize and act upon
those needs so that the downtown will incur economic growth
as a result.
Objectives: The objective of the Cadillac
DDA is to promote economic development and halt deteriorating
property values within the DDA Development District by undertaking
public improvements, planning and marketing for the area.
These activities shall meet public purposes and be financially
supported by legally ascribed funding methods. The DDA shall
also work with other organizations such as the Downtown
Fund, the Downtown Cadillac Association, and the City of
Cadillac to pool resources and coordinate development efforts
whenever possible.
There are 315 parcels of property within the Downtown Development
District (including real and personal property) on which
taxes are paid. These parcels are anticipated to generate
$28,000 in property tax revenue from the DDA's two mill
levy, which averages $86 per parcel of property taxes paid
per year in the district. The State of Michigan Department
of Environmental Quality pays this fund for oversight of
the building they rent from the City of Cadillac at 120
W. Chapin Street.
Contact the Assistant
City Manager for more information: acm@cadillac-mi.net
Interested in knowing the buying power of the Downtown
Cadillac primary retail area? If so, please contact
Precia Garland, DDA Director, at acm@cadillac-mi.net
to request a copy of THE RETAIL REPORT. THE RETAIL REPORT
was specifically prepared for Downtown Cadillac, Michigan.
It presents information concerning the characteristics
of the Downtown Cadillac primary retail trade area.
The report was prepared in 2001 by HyettPalma, Inc.
THE RETAIL REPORT presents:
-
The current demographic and socio-economic
characteristics of customers in the Downtown Cadillac
primary retail trade area;
-
A five-year projection of changing demographic
and socio-economic conditions in the Downtown Cadillac
primary retail trade area;
-
A projection of the number of retail
dollars that residents in the Downtown Cadillac primary
retail trade area spend on retail goods; and
-
A projection of the total retail spending
potential for 24 classes of retail goods sought by customers
in the Downtown Cadillac primary retail trade area.
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