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What Is a Business Improvement District?


Jun 30, 2020 by Deidre Woollard

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Pros Cons
Help preserve the value of a property Regular assessments required
Gives you more insight into how government policies impact your business Attending meetings can be time-consuming
Opportunity to work with other owners to improve the area You may not have control over how your assessment money is spent
Can bring more foot traffic to local businesses Gentrification can lead to higher rents

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