Commercial property owners in Miami’s emerging Wynwood neighborhood have formed a fundraising initiative to keep the streets clean and safe, the Miami Herald reported.
Business and parcel owners voted by a 65-percent margin last week to form the Wynwood Business Improvement District, allowing for the levy and collection of a special assessment for the next decade within the arts community. It is expected to generate about $700,000 in the first year, the Herald said.
The Miami City Commission is scheduled to accept the election results at a meeting tonight, the newspaper said.
The Wynwood BID covers a 47-block stretch from 20th to 29th Streets and from the railroad tracks near North Miami Avenue to Northwest Fifth Avenue.