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===Development projects=== Current projects are:<ref>{{cite web|url=http://www.cityofwakefield.org/index.php?option=com_content&view=category&layout=blog&id=19&Itemid=10 | title=City of Wakefield Development Projects | publisher=cityofwakefield.org | access-date=February 28, 2011}}</ref> *Walking trail and lights along the southwest shoreline of Sunday Lake. *New playground equipment at Eddy Park. *Memorial Building demolition project. *Renaissance Tax-Free Zone through the Michigan Renaissance Zone Act of 1996 created for both economically distressed urban and rural areas alike. Renaissance Zones are a powerful market-based program designed to spur new jobs, investment, and redevelopment in designated areas. The City of Wakefield renaissance zone is 47 acres<ref>{{cite web|url=http://ref.michigan.org/medc/services/sitedevelopment/renzone/GogebicCounty/combo.asp?ContentId=A7F60A99-E8E5-48F1-A300-F3B568755965&QueueId=1&ContentTypeId=10004 | title=Zone Characteristics | publisher=Michigan Economic Development Corporation | access-date=February 28, 2011}}</ref> in size and provides participating companies the advantage of tax-free incentives until 2017.<ref>{{cite web|url=http://www.taxfreeupnorth.com/michigan.php | title=Michigan Renaissance Zones | publisher=North County Renaissance Zone | access-date=February 28, 2011}}</ref><ref>{{cite web|url=http://www.taxfreeupnorth.com/gogebic.php | title=Gogebic County Renaissance Zone |publisher=North County Renaissance Zone | access-date=February 28, 2011}}</ref>
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