Downtown Racine board seeks separation from BID; new operating plan and contract termination ahead
Amanda Paffrath, chair of the Downtown Racine Business Improvement District, told the council the Downtown Racine Corporation has asked to terminate its contract with the BID effective end of September; the BID adjusted its operating plan after a $125,000 assessment change and will work with legal/accounting counsel on separation.
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Amanda Paffrath, a downtown property owner and chair of the Downtown Racine Business Improvement District, told the council she and the board had adjusted the BID's operating plan after an earlier $125,000 assessment was removed from the budget and that the Downtown Racine Corporation (DRC) had requested termination of its contract with the BID effective at the end of September.
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