A double-shot of cash injections announced this week means that things may be looking up for Fulton Street. Next month, the City Council will provide more than a million dollars in funding to two recently-created Business Improvement Districts on Fulton Street stretching from Flatbush to Nostrand Avenue. The Central Fulton Street BID (which will also be known as the FAB Alliance) is getting $400,000 in funding via Council Member Letitia James while the Bed-Stuy Gateway is receiving $675,000 for its first year in operations. Both BIDs are expected to focus on design and other quality-of-life issues like safety, lighting, trees and street furniture. We want to create an aesthetically sound district, Bed-Stuy Gateway’s chairman, Edmon Braithwaite told Crain’s. With a cleaner shopping district, we will be able to attract merchants and increase business. The Crain’s article also mentions two affordable housing projects being done in partnership between BRP and Goldman Sachs that together should bring 183 units of housing as well as additional retail space to Fulton Street. All good!
Bed-Stuy Biz District to Get an Upgrade [Brownstoner]
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