Boca Raton weighs costs of downtown BID

Miami /
Jan.January 13, 2012 04:30 PM

Boca Raton city officials have been considering forming a Business Improvement District downtown, according to the Sun Sentinel, but are hesitant to pass the cost along to property owners.

BIDs have been successful in several other downtown areas in South Florida, the Sun Sentinel noted, as they pay for shuttles, special events, extra parking and other amenities that the cities cannot afford. The issue has been on the table at Downtown Boca Raton Advisory Committee meetings since November and was brought before the mayor and city council for the first time this week at a Community Redevelopment Agency meeting. It would meet some of the city’s goals that are unattainable under the current budget.

Downtown manager Ruby Childers, who is leading the push, proposed a four-phase process to slowly incorporate the BID in Boca Raton and officials are working to determine how to assess property owners. [Sun-Sentinel]


Related Articles

arrow_forward_ios
Homebuilder sells his waterfront Boca manse for $22M
Homebuilder sells his waterfront Boca manse for $22M
Homebuilder sells his waterfront Boca manse for $22M
Boca Raton office buildings sell in separate trades for $49M
Boca Raton office buildings sell in separate trades for $49M
Boca Raton office buildings sell in separate trades for $49M
Avi Stern’s Mizner Development launches sales of Boca homes project
Avi Stern’s Mizner Development launches sales of Boca homes project
Avi Stern’s Mizner Development launches sales of Boca homes project
Lease roundup: Plum Market to open in Aventura, Sprouts in Boca Raton, Best Buy in Dania Beach
Lease roundup: Plum Market to open in Aventura, Sprouts in Boca Raton, Best Buy in Dania Beach
Lease roundup: Plum Market to open in Aventura, Sprouts in Boca Raton, Best Buy in Dania Beach
Brookfield pays $8M for office building in Boca’s Park at Broken Sound
Brookfield pays $8M for office building in Boca’s Park at Broken Sound
Brookfield pays $8M for office building in Boca’s Park at Broken Sound
Jeff Gordon and the Boca Raton home (Getty, Realtor.com via Premier Estate Properties)
Jeff Gordon’s former Boca Raton mansion lists for $42M
Jeff Gordon’s former Boca Raton mansion lists for $42M
GL Homes drives home $66M deal for Boca Raton golf course
GL Homes drives home $66M deal for Boca Raton golf course
GL Homes drives home $66M deal for Boca Raton golf course
Axonic Properties' Jonathan Shectman and 22511 Southwest 66th Avenue (Axonic Properties, Google Maps)
LA firm buys former condo building near Boca Raton for $43M
LA firm buys former condo building near Boca Raton for $43M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...