Purpose
The Downtown Development Authority is charged with maintaining property values and increasing property tax valuation throughout the 28th St SW corridor between Byron Center Ave and Clyde Park. These objectives can be achieved through infrastructure investment, property maintenance, marketing, events, and other activities.
Powers
The Downtown Development Authority is the governing body of the Wyoming Downtown Development District, and as such it has the power to authorize the levy and collection of taxes, the acquisition and disposal of interest in real and personal property, the creation and implement of development plans in the District, the promotion of economic growth, the issuance of bonds and other evidences of indebtedness, and the use of tax increment financing, and other such powers as provided under Public Act 197.