City’s BIDs spent $134M in 2016

The Downtown Alliance was the biggest spender

TRD NEW YORK /
Mar.March 13, 2017 02:36 PM

Summary of BID expenditures in 2016 (credit: Small Business Services, click to enlarge)

New York City’s 73 business improvement districts spent more than $134 million in their respective communities last year.

The Downtown Alliance had the largest expenses for the 2016 fiscal year, having spent $20 million, according to a report by the city’s Department of Small Business Services. The BIDs, which are nonprofits that are primarily funded by assessments on property owners, provide services like sanitation, public safety, marketing and capital improvements. Collectively, the city’s BIDs spent the most — 25 percent — of their total expenditures on sanitation services.

“Each and every day, business improvement districts are delivering important services that are helping build safer, cleaner and more vibrant neighborhoods across our city,” Gregg Bishop, the department’s commissioner, told the New York Times. “BIDs are invested in their communities, and their local leadership helps small business corridors grow and succeed.”

Since first arriving in the city in 1984, BIDs have grown exponentially, with 33 of the organizations forming since 2000. BIDs have expanded the kinds of services they offer to local communities. For instance, the Montague Street Business Improvement District in Brooklyn Heights recently supported a campaign to prevent rodent infestations, the Times reported.

In 2015, the city’s BIDs spent $127 million. In August, The Real Deal took a look at the influence that developers sometimes have over BIDs. [NYT] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
From left: Stephen Ross and Jeff Blau of Related and Donovan Richards (Credit: Getty Images)

Stephen Ross, Jeff Blau among donors to Donovan Richards’s Queens BP campaign

Boris Santos

A win for real estate: Socialist candidate halts Assembly bid

City Comptroller Scott Stringer (Credit: Getty Images)

City Comptroller Scott Stringer proposes “Tenant Bill of Rights”

Marlene Cintron, the Bronx’s head of economic development (Credit: iStock)

“It didn’t happen:” Bronx leader says Opportunity Zone program failed to deliver

From left: Eric Adams, Shaun Donovan, Scott Stringer and Ruben Diaz Jr. (Credit: Getty Images)

Mayoral race goes from bad to worse for real estate

Senator Todd Kaminsky and RXR Realty's Scott Rechler (Credit: Getty Images)

No backlash for senator who broke ranks on rent vote

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Mayor Bill de Blasio and subway damage caused by Hurricane Sandy (Credit: Getty Images)

Program to rebuild Sandy-damaged homes needs extra $92M

arrow_forward_ios
Loading...