Friday, January 09, 2015

Downtown Sacramento Property and Business Improvement District

Next Tuesday the Sacramento City Council will pass a Resolution to renew the Property and Business Improvement District (PBID) which was originally approved in 1995 and again in 2005.

The PBID purpose is to serve the public interest by providing a higher level of safety, maintenance, and economic development services that are above and beyond what the City currently provides. Safety and maintenance activities include daily street guides, trash abatement, and graffiti removal. Business development services provide marketing, outreach, and other activities to convey a positive image and to attract new business to the Downtown corridor in an effort to increase economic development and revenue.

There are 460 parcels in the PBID service area. The total PBID assessment budget for the first year is approximately $2,716,642. Link

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