We’re a little late on this one but it’s still worth mentioning…On June 14, Mayor Bloomberg signed into law the creation of a new Business Improvement District (BID) for Downtown Brooklyn. Bounded by Court, Joralemon, Flatbush and Atlantic, the new district will serve about 195 commercial properties with its annual budget of $765,000. We were interested to learn how the membership fees were charged: Turns its a combination of a $23 fee per linear foot of street frontage and a $.0024 per dollar of individual property assessed valuation. This new BID, which will be known officially as the Court Livingston Schermerhorn Business Improvement District, will rub elbows with the existing MetroTech BID, Fulton Mall Association and BAM LDC. Turf wars shouldn’t be a problem though: Like the other downtown BIDs before it, the Court Livingston Schermerhorn BID is expected to be taken under the wings of the Downtown Brooklyn Partnership. The BID was initially sponsored by City Council Members Weprin, Yassky, James, Seabrook and White.
Bloomberg Signs Brooklyn BID Legislation [NYC.gov]
City Planning Commission N 070214 [NYC.gov]
New BID Gets Stamp of Approval [Fort Greene Courier]
Court-Livingston-Schermerhorn BID Established [Brooklyn Eagle]