Development and Tax Increment Finance Plan

The City of Clawson has a Downtown Development Authority that was created in 1990 to improve economic conditions in its downtown. Over the years, the downtown area has seen improvements to private property prompted by public investment in the district. Recognizing that revitalization is a continuous process, the DDA asked Giffels Webster to help develop an updated tax increment finance plan (TIF) that extends the efforts of the DDA into the future. The 2020 Development and TIF Plan is based on the 2015 Master Plan for Downtown; implementation is likely to take 15 years or longer. The strength of the Plan is the implementation program that sets priorities and correlates specific plan proposals with the appropriate implementation tools. The implementation strategies in the Development Plan will assist the DDA in putting the key recommendations of the Master Plan to work. Annual review of the implementation strategies allows the DDA to adequately budget for needed resources, as well as share and celebrate accomplishments with the community.