September 29, 2020
Based on the notion that well-maintained public spaces increase commerce, Business Improvement Districts are a form of public-private partnership that taxes businesses within a designated area and uses them for public improvements, often in downtown areas. Business Improvement Districts are a useful strategy for pooling revenue to support a common goal. BID funds are managed by a nonprofit corporation established by the district. BIDs are increasingly common in cities across the country, particularly for park maintenance.
A Green Benefit District, first created in San Francisco, is a public-private partnership property assessment district created by local property owners to fund neighborhood improvements. Revenue is used for parks, open spaces, the greening of streets and neighborhood beautification.
