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Council committee advances bill to expand Fourth Street Mall business improvement district after outreach
Summary
The Committee on Zoning and Planning amended Bill 51 (2025) to a CD1 and reported it out for passage on second reading with a public hearing; sponsors and property owners described outreach, two town halls and plan elements including a proposed assessment of $0.75 per $1,000 of assessed value.
Council Member dos Santos Tam introduced Bill 51 (2025) to amend the Fourth Street Mall Special Improvement District; the Committee on Zoning and Planning amended the bill to CD1 and recommended it for passage on second reading and the scheduling of a public hearing.
Chris Fong, senior investment associate with Win Capital, presented the district organizers’ work and updates. Fong told the committee the BID concept grew from a year of conversations among about 40 major downtown landowners and that organizers held two town halls on Aug. 12 and Aug. 14 to reach smaller property owners and businesses. “There was a lot of discussion,…
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