Over one third of the businesses along the 9th Street commercial corridor voted against the formation of this BID, which would have brought streetscape improvements and more funding to the longest standing outdoor market in the country.
Councilman Mark Squilla’s office reports that the official poll of property owners in the BID area, the only people with a right to vote on the proposal, produced enough opposition votes to kill the BID. Over one-third of affected property owners needed to vote against the plan to defeat it and 33.86 percent voted in opposition to the bill. As a result, legislation to officially establish the BID will not be brought up before City Council.
Why did business owners vote against the BID? For one thing, the property owners and businesses would be required to pay 0.2% of the assessed value of their properties to fund the BID annually. That ranges from about $200 for a curb stand to $800 for a property assessed at $400,000. Many of these business owners thought the fee was unnecessary and that the market is good enough as-is, even without all of the improvements the BID could bring.