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Council member emphasizes importance of BIDs and suggests potential funding
0:55:35
ยท
60 sec
Council Member Oswald Feliz highlights the crucial role of Business Improvement Districts (BIDs) in maintaining commercial corridors. He notes the current number of BIDs and proposes a hypothetical funding scenario to support their work.
- There are currently 76 BIDs in New York City
- Feliz suggests a potential grant of $50,000 per BID, totaling $3.8 million
- The council member expresses interest in continuing discussions about addressing BID concerns through the budget
Oswald Feliz
0:55:35
Thank you.
0:55:36
And I think we can all agree that the work that our bids do, it's invaluable work.
0:55:43
Without our bids I cannot imagine what our commercial can't even imagine what our commercial corridors will look like.
0:55:50
We have you mentioned about 75 bids right seventy three seventy five?
Dynishal Gross
0:55:54
Seventy six.
Oswald Feliz
0:55:55
70 six.
0:55:55
Oh one more beautiful.
Dynishal Gross
0:55:57
And with one more up for a vote in and before the City Council Finance Committee next week, that's the East Harlem
Oswald Feliz
0:56:04
Business Improvement Nice.
0:56:07
Alright, so just want to do some general math.
0:56:09
So if we do if we have 76 bids and we just give them a grant of let's say $50,000, that'll be 3,800,000.0 out of the budget of 100 about $182,000,000.
0:56:22
Obviously, that's a lot of money but given the invaluable work that they do, we look forward to continuing the conversation about how we could make sure that this budget helps address literally the top concern of the bids in our in our city.