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

Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Jimmy Van Bramer (Credit:, iStock)

After failing to meet his own deadline, Queens council member returns thousands in real estate donations

General contractors are suffering under Trump’s new tariffs on Chinese goods

The Real Deal picked up 9 awards from the National Association of Real Estate Editors

The Real Deal wins 9 NAREE journalism awards