"This (district), like others around the city, will provide stable, dedicated funding for enhanced services, clean and safe streets and beautification beyond what the city can provide with our normal level of funding,"
"A (business improvement district) is kind of an unreliable resource because it's paid on somebody's business license, a"
The Alameda corridor formed a community benefit improvement district (CBID) that will collect more than $327,000 annually from property owners between Schiele and Stockton avenues to fund security, cleaner streets, and beautification projects. The Alameda Business Association will manage the funds and allocate resources over a 15-year term with an option for property owners to renew. The district takes effect in January after City Council approval. The CBID will cover a portion of the corridor's 454 businesses. CBIDs are quasi-public entities that assess property-based fees for residential and commercial properties. CBID funding is considered more reliable than business-license–based improvement district funds.
#community-benefit-improvement-district #the-alameda #property-owner-funding #public-safety #beautification
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