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Downtown business leaders urge Durham to keep BID assessment at 7¢, warn cuts would limit programs
Summary
Downtown Durham Incorporated and several downtown business owners told the council March 20 that the downtown business improvement district (BID) should remain at its current 7¢ per $100 rate to preserve programming, safety work and marketing for downtown businesses.
Representatives of Downtown Durham Incorporated (DDI) and downtown business owners urged the Durham City Council on March 20 to retain the current downtown business improvement district assessment of 7¢ per $100 of assessed value, saying a cut would reduce services aimed at safety, activation and attracting businesses.
Nicole Thompson, DDI’s executive director, said DDI has overseen the BID since 2012 and that revenue collected in the district must be spent inside the district. “Bid revenue allows that to happen…
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