For immediate release
From: Downtown Brooklyn Partnership Contact: Rob Marino The Marino Organization RMarino@themarino.org; (212) 889-0808
STAKEHOLDERS EXPLORE NEW DOWNTOWN BROOKLYN BUSINESS IMPROVEMENT DISTRICT
Area Businesses Would Benefit from BID’s “Clean & Safe” Services
Brooklyn, NY (January 7, 2013) – Downtown Brooklyn Partnership and local stakeholders announced today their efforts in exploring the creation of a new business improvement district (BID). If approved, it would serve as New York City’s 68th BID.
The service area could include Barclays Center, Brooklyn Academy of Music (BAM), the Cultural District and commercial blocks on Flatbush, Atlantic and Vanderbilt Avenues. Property owners in the district would self-assess an additional property tax to fund services including sanitation, extra security, streetscape improvements and maintenance, programming as well as promotion and marketing opportunities. The BID also would facilitate economic development, urban planning and advocacy efforts for neighborhood services.
A steering committee comprised of representatives of local stakeholders – including “mom & pop” retailers, cultural institutions, commercial property owners and government officials – has been formed to spearhead this effort. As an initial step, area stakeholders will be asked to help determine which BID services are needed in the area.
Procedures for creating the BID require public hearings and approvals by Community Boards 2, 6 and 8, City Planning Commission and New York City Council. The review and approval process is expected to be completed by the end of 2013.
In recent years, Downtown Brooklyn has evolved into a vibrant 24/7 neighborhood with worldclass cultural and entertainment venues, new businesses and residents. Joining BAM, Mark Morris Dance Group, and MoCADA is the Barclays Center, the brand new 18,000-seat arena, home to the Brooklyn Nets and soon to be New York Islanders.
In the next few years, this area will see a growth in both commercial and residential development with the advancement of Atlantic Yards and other new projects to the area In addition, new cultural venues like BRIC House and Theatre for a New Audience will open, new public spaces such as the renovated Fox Square, Visual Arts Plaza and South Site Plaza will be completed and new businesses will provide much needed amenities to the residents, students, workers and visitors of Downtown Brooklyn. These investments warrant a first-class management partner to provide clean and safe streets and vibrant public spaces. The creation of a business improvement district would ensure that these services are delivered, promoting a vibrant downtown for generations to come.
Already one of the city's most active central business districts, Downtown Brooklyn is home to one of the busiest retail corridors in the nation attracting 150,000 shoppers daily and more than 100,000 office workers, over 40 arts and cultural organizations, as well as twelve universities and colleges educating some 57,000 students. Since 2006, the city has invested over $200 million in area infrastructure improvements, inducing more than $4.7 billion in private investment yielding 10.6 million square feet of development, including over 1.3 million square feet of retail space and 432,000 square feet of office space. To date, the result has been 26 new residential buildings with 6,860 units of mixed-income housing, five new hotels with more than 1,200 rooms and tremendous growth of academic institutions and cultural projects in the area.
About the Downtown Brooklyn Partnership The Downtown Brooklyn Partnership is a non-profit local development corporation that serves as the primary champion for Downtown Brooklyn as a world-class business, cultural, educational, and retail destination. Working together with the three business improvement districts (BID) that it manages – the MetroTech BID, Fulton Mall Improvement Association, and Court-Livingston-Schermerhorn BID – the Partnership promotes economic growth and helps to
attract new businesses, while ensuring the needs of existing businesses are met. Spearheaded by the area’s key stakeholders – the business community, academic institutions and cultural organizations – the Partnership harnesses the resources of both the public and private sectors and works to build and manage public open space, revitalize area streetscapes, and coordinate other infrastructure improvements. For more information, visitwww.dbpartnership.org.