Monday, November 24, 2008

BIDs

no reason other than feeling nostalgic: The Trib has a story today looking at discussions over a new Special Assessment District in East Liberty (otherwise known as a Business Improvement District and other terms in various parts of the country). Long ago in graduate school I and some others looked at the Business Improvement Districts of New York City at the time which were a big deal and a relatively new tool back then. NY and Pennsylvania have very different laws covering BID's and certainly their implementations have been different so it may not have a lot of insight into current BID issues here. But it wasn't bad for a student project and the history is worth reading if you are interested in BID's which were once a big deal in public finance.... maybe a little less so today, but still can be a tool as the East Liberty story is evidence of.