Business Improvement District
Business Improvement Districts (BIDs) are a special neighborhood funding tool that has been used across the country and around the world for more than 40 years. To establish a BID, property owners, business owners and residents in a defined area come together to identify collective needs, projects and programs that would benefit the area, then formalize that in a plan and petition each other to support the implementation of that plan through a special assessment on the properties in the area.
Once established, a BID is managed by an independent board of stakeholders from the neighborhood, meaning the community itself determines priorities for the funds. BIDs can collectively fund a number of important services and projects for the area, including but not limited to: public safety; cleaning and maintenance, beautification, artist support and programs; events; and more.
While the private sector leads this effort, the city is committed to supporting a public-private partnership designed in the Las Vegas Arts District.
A steering committee comprised of Las Vegas Arts District stakeholders has formed to explore the formation of a BID for the Arts District. For more information email info@lvartsbid.com.