The Real Deal New York

Joint business district for Chelsea, Meatpacking coming?

January 31, 2014 10:40AM

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Chelsea Triangle

Chelsea Triangle

Commercial landlords in Chelsea and the Meatpacking District may soon have to pony up cash to fund a proposed $1.6 million Business Improvement District. The BID, which would need City Council and mayoral signoff, would merge the two neighborhoods’ improvement associations and provide services such as sanitation and public safety.

The BID — Meatpacking District Improvement Association and the Chelsea Improvement Company – would run from Horatio Street to West 17th Street, between Eighth Avenue and the Hudson River, according to DNAinfo. Commercial landlords would pay 21.5 cents per square foot annually, while residential property owners would pay a token fee of $1 per year.

“The proposed BID will establish a district that is unified under a single identity and mission, supporting a vision for a stronger business district and mixed-use neighborhood,” the two improvement associations said in a joint statement to the website. [DNAinfo]  – Hiten Samtani

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