Traverse City Voters to Decide on 20-Year Renewal of TIF 97

Traverse City Cadillac, MI, October 15, 2026 —

Voters in Traverse City are to decide whether to renew TIF 97 for 20 years. The tax increment financing plan is managed by the Downtown Development Authority and uses increased property tax revenue from downtown development to fund public infrastructure and beautification projects.

The proposal would extend the plan for two decades, according to the information provided. The specific date of the vote, the vote’s format and the deadline for the proposed renewal were not provided. The information also does not state how much revenue TIF 97 currently captures or how much it may generate during a renewed term.

TIF 97’s stated purpose is to direct increases in property tax revenue associated with downtown development toward infrastructure and beautification. The summary does not identify particular projects, describe how funds would be allocated, or provide details about the plan’s current financial status.

The Downtown Development Authority manages the plan. No additional details were provided about the authority’s role in administering the proposed renewal or how voters will receive information about it. The summary also does not specify what would happen to the plan if voters do not approve the renewal.

The decision before voters, as described, is whether to continue TIF 97 for another 20 years. Further details about the ballot question and the plan’s projected revenue were not included in the information provided.

Story summarized from the original created by Megan Huiskens, Jeremy Erickson on www.9and10news.com, see more information here.

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