SHOULDN’T MY PROPERTY TAXES PAY FOR THESE THINGS?
Your property and business taxes go to pay for basic services and infrastructure. BIDs fund only services and projects that are above and beyond these services provided by the City in any neighborhood. Within a BID, the funds are managed and controlled by your local BID Board of Directors and can only be spent on projects detailed in a business plan approved locally. These services help increase the value of your property or business and should ultimately allow you to leverage your resources to improve your neighborhood.
IF WE CREATE A BID IN BALLPARK, DOES THAT MEAN THAT THE CITY OF DENVER WILL STOP PROVIDING SERVICES HERE?
No. BIDs carry out services and improvements that are additional to those that are already provided. The City of Denver will work with the BID to strategically invest in the district. In fact, BIDs can often leverage more from the City and other partners by having a clear neighborhood organization and budget with which to work.
HOW ARE RESIDENTS INVOLVED IN THE BID?
Residential properties are not assessed a BID levy, and thus do not participate in the legal creation process. However, the Ballpark BID will work with the Ballpark Collective to create a way for residents to have a chance to contribute through donations and membership, since some services are beneficial to both commercial and residential sectors.
WHY SHOULD I CONSIDER SUPPORTING A BID FOR THE BALLPARK NEIGHBORHOOD?
BIDs allow stakeholders in an area to come together, leverage resources, and collectively advocate for the future of their district and neighborhood. The BID creates a unified voice for the Ballpark neighborhood and creates influence with the public sector. By providing resources that stakeholders manage, a BID puts greater control of the district in our hands and allows the Ballpark neighborhood to leverage even more funds to ensure our long-term success. With all the changes currently happening in and around the Ballpark neighborhood, the BID will help us retain control of this area and a way to partner with the surrounding districts, social service agencies, and the City of Denver.
WHERE ELSE ARE BIDS LOCATED IN DENVER?
There are 12 BIDs across the City of Denver that provide services above and beyond what the City provides for the neighborhoods in which they’re located.