We’ve met with over 40 downtown property owners– anyone who asked– over the course of this fall to discuss the opportunity to develop a downtown business improvement district. The petition has met welcome support and a handful of thoughtful questions.
Stakeholders wanted more information about how the funds would be used wanted to see how BID funds would be used to partner with other economic development organizations. Stakeholders also asked us to consider shortening the term of the BID to everything from 7 to 3 years and to evaluate the methodology used to calculate rate increases over the life of the district to keep it equitable.
We’re proud to report that thanks to the hard work of the BID Steering Committee, BDL Board members and Staff, we can now provide answers to those questions. Please join us for a Stakeholder Meeting at noon on Friday, December 6 at the Lewiston City Library, 411 D Street.