Thursday, June 18, 2009

Downtown Cincinnati improvement district approved for 2010-2013

Cincinnati City Council has approved special assessments called for in the 2010-2013 Downtown Cincinnati Improvement District plan and budget.

Beginning in January 2010, property owners will pay the additional assessment along with their real property taxes in eight semi-annual installments.

The assessment is expected to generate for DCI $2.25 million annually in 2010-2011 and $2.39 million annually in 2012-2013.

The council resolution says that the improvement district will improve Downtown's cleanliness and safety, help recruit and retain Downtown businesses, and lead to the development of more Downtown residential units.

A petition signed by owners of more than 60 percent of the district's street frontage was accepted by council late last month.

Previous reading on BC:
Ginsburg: Prepared for challenges, Downtown improves against benchmarks (5/18/09)
Last days for Downtown Perceptions Survey (4/30/09)
DCI releases State of Downtown for second half of 2008 (3/23/09)
Downtown SID focus group this evening (6/25/08)
Downtown marketing campaign to be revealed Friday (6/18/08)