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Economic Development Incentives
Brownfield Remediation, Site Preparation, and Public Infrastructure Improvements
On December 2, 1996, the City created the first Brownfield Redevelopment Authority (BRA) in Michigan. The BRA uses TIF revenues generated from specific brownfields to fund environmental cleanup as well as site preparation and public infrastructure improvements on these sites. A property must meet specific criteria and be listed in the Cadillac BRA Development Plan in order to be eligible for BRA assistance.
Obsolete Property Rehabilitation Exemption (OPRE) Certificates
The purpose of an OPRE Certificate is to abate new property taxes for up to 12 years, which would otherwise have been assessed following the substantial rehabilitation of an obsolete property. Properties that qualify for an OPRE must be listed in the City of Cadillac Brownfield Redevelopment Authority Plan and be certified as obsolete by the Wexford County Equalization Director. OPRE applications require both City of Cadillac and State of Michigan approval.
Commercial Rehabilitation & Commercial Redevelopment Act Comparison
Site Design
The Community Development Department is committed to helping developers create a vision and product that matches the charming and historic aesthetics of our community. The team is available to meet for a Conceptual Review Meeting and assist you in creating a site and development plan.
Downtown Development Authority
The Downtown Development Authority offers several development incentives including low interest loans. You can find a full list of incentives on the DDA page.
The low interest loan applications can be found here.