Created in 1981, the Downtown Development Authority uses tax increment
financing to stimulate redevelopment in the central business district.
The Authority focuses on projects that have benefit for the entire
community. It uses its financial resources to directly leverage private
Typically the DDA will partner with a developer, business owner, or
property owner in a manner that "induces" a private investment in
real estate improvements. The DDA's participation in such public-private
partnerships ranges from a few thousand dollars to investments in
excess of $5 million.
The DDA's accomplishments, past and present, compiled in August 2010.