City Of River Rouge Downtown Development Authority Development Plan and Tax Increment Financing Plan 2000-2028
This Development Plan and Tax Increment Financing Plan for the City of River Rouge Downtown Development Authority Area #1 aims to enhance the long-term economic viability of the Coolidge Highway and Jefferson Avenue corridors. It focuses on preventing business district deterioration, promoting economic growth, and encouraging historic preservation. Key strategies include developing infrastructure, assembling land, providing parking, implementing aesthetic improvements and code enforcement, and fostering commercial development relevant to local industries. The plan outlines two development concepts—Limited and Aggressive—to guide redevelopment, new construction, and the creation of a Civic Center Plaza. Financing for these public improvements will primarily utilize tax increment financing, with an overall goal of stimulating private investment, increasing tax revenues, improving neighborhoods, and boosting employment.