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AUTHEN BUSINESS TICLAW IMPROVEMENT RENCE DISTRICT VILLE designed by

evolveEA


WHAT IS A BID? A BID is a defined commercial area in which property owners have agreed to assess themselves a fee in order to provide services supplemental to those provided by the City to enhance the public environment, to increase competitiveness, and to assure the area’s economic viability in the future.

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WHERE HAVE BIDS BEEN ESTABLISHED?

A National BID Census found 1,002 BIDs in the US at the end of 2010

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WHAT VALUE HAVE THEY BROUGHT? MANAYUNK, PHILADELPHIA Name: Manayunk Special Services District Year Founded: 1996 Assessment: Total improvement times ratio of assessed value to total assessed valuation of all benefited properties in district. Total Budget: $214,438.52 Highlights: Capital improvements such as public art, holiday lights, marketing, and maintenance.

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WHAT VALUE HAVE THEY BROUGHT? MANAYUNK, PHILADELPHIA

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WHAT VALUE HAVE THEY BROUGHT? ADAMS MORGAN, WASHINGTON DC Name: Adams Morgan Partnership Business Improvement District Year Founded: 2005 Assessment: $0.21 for every $100 of assessed value Total Budget: $246,000 Highlights: Public safety, marketing, maintenance and transportation management.

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WHAT VALUE HAVE THEY BROUGHT? ADAMS MORGAN, WASHINGTON DC

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WHAT VALUE HAVE THEY BROUGHT? OAKLAND, PITTSBURGH Name: Oakland Business Improvement District Year Founded: 1999 Assessment: Assessed value ($3.80/$1,000 of assessed value) Total Budget: $256,447 Highlights: Marketing, public safety and maintenance

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WHAT VALUE HAVE THEY BROUGHT? OAKLAND, PITTSBURGH

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WHAT VALUE HAVE THEY BROUGHT? EASTSIDE, MILWAUKEE Name: Eastside BID Year Founded: 1997 Assessment: Assessed value ($5/$1,000 of assessed value) Total Budget: $222,136 Highlights: Leveraged a $1.5 million streetscape project, marketing, special events and maintenance.

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WHAT VALUE HAVE THEY BROUGHT? EASTSIDE, MILWAUKEE

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WHAT VALUE WILL A BID BRING TO LAWRENCEVILLE?

57th

40th

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45th

Penn Ave. 33rd


WHAT LAWRENCEVILLE HAS NOW

BUS STOP


SOME OF THE FUNDING WILL RUN OUT SOON

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A BID WILL MAINTAIN AND EXPAND MARKETING, SERVICES, AND BEAUTIFICATION BUS STOP

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AND CAN LEVERAGE ADDITIONAL INVESTMENTS

Lighting & Decoration

Sidewalks Faรงades

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Transportation

Signs


HOW IT WORKS Property owners make a small annual investment in the Lawrenceville BID that provides for services such as graffiti removal and sidewalk sweeping. These funds can raise additional money to allow for even more improvements to the district. The BID rate is estimated to be $10 per linear foot.

BID RATE

FRONTAL FOOTAGE OF YOUR PARCEL

YOUR INVESTMENT

WHY FRONTAGE? The majority of BIDs use assessed value to calculate fees. Using frontal footage instead of assessed value guarantees property owners pay equitable fees.


Lawrenceville Business Improvement District