Establishment of BID in Bedford- Stuyvesant appears successful. On February 11, 2009, the City Council’s Finance Committee held a hearing on the Department of Small Business Services’ plan to create a new Bed-Stuy Gateway Business Improvement District for 357 tax lots and 267 property owners. The BID’s boundaries would extend along Brooklyn’s Nostrand Avenue, from Halsey Street to Atlantic Avenue, and on Fulton Street, from Classon to Troy Avenues. The BID’s first year budget would … <Read More>
Search Results for: Business Improvement District
Fulton Street BID for Brooklyn approved
Plan encompasses 195 businesses. On August 27, 2008, the City Planning Commission approved an application by the Department of Small Business Services to create a new Fulton Street Business Improvement District for 371 properties and 195 businesses in the Fort Greene and Clinton Hill neighborhoods of Brooklyn. Within the boundaries of the BID are the BAM Harvey Theater and several triangular parks.
The proposed BID allows for an annual assessment on businesses and residents to … <Read More>
Bronx’s Little Italy BID approved
New district to include over 352 businesses. On May 21, 2008, the City Planning Commission approved an application by the New York City Department of Small Business Services to create the Belmont Business Improvement District, located in the Bronx in the neighborhood generally known as Little Italy. The Belmont BID would be bounded by East Fordham Road to the north, Lorillard Place to the west, East 183rd Street to the south, and Southern Boulevard to … <Read More>
Park Slope may get BID
Plan encompasses over 900 businesses. On January 9, 2008, the Planning Commission approved an application by the Department of Small Business Services to create the Park Slope Fifth Avenue Business Improvement District. The BID would represent 605 properties and 515 property owners, including 106 residential properties.
The BID would allow an annual assessment on businesses and residents to enhance sanitation, security and marketing. The $300,000 firstyear budget would come from assessments on commercial properties, with … <Read More>
Council OKs budget increases for 10 BIDs
BIDs receive over $3.1 million increase in annual spending. On November 28, 2007, the City Council passed a local law to increase the annual budget for 10 business improvement districts and one special assessment district. The increases will require property owners within these districts to pay more into their BID or SAD.
The Times Square Alliance received the largest increase at $768,000, bringing its annual budget to $10.4 million. Outside of Manhattan, the largest increase … <Read More>
Trinity Real Estate’s Carl Weisbrod Reflects on Revitalizing Urban Areas
Carl Weisbrod’s office at One Hudson Square is emblematic of the changes Trinity Real Estate is bringing to Hudson Square—a neighborhood on the west side of Manhattan nestled between SoHo, Tribeca, and the West Village. A modern office space with advanced technological amenities, the building was actually designed in 1930 to accommodate printing companies. Much like the building, Mr. Weisbrod, as President of Trinity Real Estate—the real estate development arm of Trinity Church, one of … <Read More>