28. King of Prussia BID Approved

Wrapping up planning what may be the world's largest BID is its steering committee in Upper Merion Township, PA

The owners of more than 250 commercial properties in Upper Merion Township have agreed to form an improvement district under Pennsylvania’s Neighborhood Improvement District Management Act. The resulting non profit corporation may prove to be the world’s largest in terms of the total square feet of retail, hotels and offices served. The BID Team served as advisors guiding the property owners and the municipality. Of more than 250 properties, only 19 objected to the plan.

There are more than 1500 of these districts worldwide, popular with business interests because they are planned and  managed by private sector people who benefit from partnership arrangements among themselves and with the local governments which must approve them. Within this region, BIDs have been operating for more than a decade in Ardmore and West Chester, PA and in Center City and Manayunk, Philadelphia. A BID of comparable scale to Upper Merion’s is located in Hampton, VA.

The King of Prussia Business Improvement District(BID) is authorized to impose an assessment on benefitting properties which, together with grants expected to be solicited, will provide funding for five years. The priorities set by the planners include: marketing the entire area; improving the area’s appearance; providing services to employees of affected businesses and working with the Township on land use and taxation improvements, as well as improved transit access.  State law allows BIDs to be reauthorized after five years if the sponsors desire.

The steering committee members who framed the local BID praised Upper Merion Township for its help throughout the year and a half long planning process.

The BID Team has assisted a dozen districts in this region, most recently the Ardmore Initiative.

For additional information, contact The BID Team:

Lhoustounjr@verizon.net

Dhoffmanhousing@aol.com

BID cochair announces that only 19 of 300 properties objected to the BID plan under Pennsylvania's approval process.

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