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DOWNTOWN DEVELOPMENT 2021 BUDGET PRESS RELEASE

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DDA PRESS RELEASE

A special meeting of the Ishpeming Downtown Development Authority (DDA), was held on August 31, 2020. This meeting focused on the future through its annual budget process. Discussions revolved around how the DDA can return to the days of providing more for the Community. Past budgets have been very restricted as they continue to pay down the debt of the Malton Road project. However, the past strategy has paid off and there is a small projected gain in unrestricted budget for 2021.

Given the projected gains the DDA considered and approved some items they believe will support the downtown area and focus towards the future and potential revenue generation as a strategy. Believed to be popular among the residents, will be revitalizing our Community Holiday Lighting. Lighting the way to the downtown, replacing old holiday lighting with new, LED lights will brighten the way with a fresh new look. Additionally, the DDA intends to revitalize, on a small scale, the DDA Grant Program. Businesses in the Downtown will be able to apply for a 1:1 match grant for façade improvements or aid in making their business ADA compliant.

Other items approved for fiscal year 2021 include an Architectural and Engineering Design for a Skate Park, and matching funds for a grant to support the development of a Forest Management Plan which will also include street and park tree inventories and urban tree canopy assessment.

The future planning included commitment for future years to continue these efforts. The Capital Investment Strategy had been overshadowed by the limited budget but as we hope to see a more predictable and steady budget, the focus must be forward thinking.

Budget Items:

 FY 2021

$10,000 per year for ten years – Christmas / Holiday Lighting Improvements

$12,500 maximum for Skate Park A&E Design

$20,000 per year for 10 years – Grant program (Maximum single grant $10,000)

$15,000 Grant Match for Forrest Management Plan

FY2022

$25,000 FY 2022 Grant Match for Skate Park Construction (Assumes a successful grant application.

 

Permalink URL: https://ishpemingcity.org/2020/09/downtown-development-2021-budget-press-release/





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