QUESTION
How many Business Improvement Districts (BIDs) have been formed in New York City in the last 5 years, and what is their future potential?
0:19:28
·
33 sec
Two Business Improvement Districts (BIDs) have been formed in New York City in the last two years, with 10 more in the pipeline.
- Deputy Commissioner Calvin T. Brown reports two BIDs formed: the West Village Bid and Castle Hill Bid.
- Brown also mentions a pipeline of 10 BIDs, indicating potential growth.
- Additional resources from the mayor's administration aim to support the BID formation process.
- Council Member Oswald Feliz points out the significant gap between the number of BIDs and the thousands of commercial corridors in NYC.
Oswald Feliz
0:19:28
And how many bids have been formed, let's say, in the last 5 years?
0:19:32
In the city of New York.
Calvin T. Brown
0:19:33
In the last 2 years, we had 2 bids that were formed, the West Village Bid And Castle Hill bid.
0:19:40
We have 10 bids that are in our bid formation pipeline.
0:19:47
So we're hoping to see a lot more bids in the future, especially with the additional resources that, you know, the mayor's administration has provided us.
0:19:55
So we can provide that additional assistance to the big formation process.
Oswald Feliz
0:20:00
Okay.
