近距离内射合集

ECONOMY

City directs $40,000 toward Old Town business district effort

Funding will support a feasibility study and petition support

Shane Dambrino of Rio Rancho shops at Old Town鈥檚 Old Barrel Tea Co. in February. A proposed Business Improvement District in Old Town is picking up steam, with the city committing $40,000 toward its creation.
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The city鈥檚 Economic Development Department said Friday it will direct $40,000 toward efforts to establish a Business Improvement District in Old Town.

But the district, which has been in the works for the past several months, has not yet been approved. Historic Old Town Association officials said the group is still working to map which areas of Old Town could be included in such a district, and the Albuquerque City Council cannot start the process to approve a BID until it receives support from at least 51% of the area鈥檚 property owners.

鈥淲e want to try to get feedback from everyone, even if they鈥檙e against it,鈥 said Historic Old Town Association President J.J. Mancini. 鈥淲e want to hear their voices.鈥

A city spokesperson said $25,000 in city funding will go toward a feasibility study to assess whether a BID 鈥 which funds services such as cleaning, maintenance, security and marketing 鈥 is a viable option for area property owners. Another $15,000 is going toward a management plan framework and petition support. City Councilor Joaquin Baca also secured an additional $10,000 for the proposed district鈥檚 formation. 

Progressive Urban Management, a Denver-based consulting firm, is working with stakeholders on the proposed Old Town BID. The firm has also worked with officials who want to form a district in Downtown Albuquerque.

Bill Keleher, an Albuquerque attorney and Downtown BID organizer, said the Downtown effort continues to 鈥減ick up steam鈥 and garner support from property owners. He said he and his team anticipate crossing the signatures-needed threshold in the coming weeks.

Before the Old Town BID is approved, a geographic region needs to be established to determine which property owners would pay for and receive services. Although no decisions have been made on the BID area, discussions have centered around the core of the broader Old Town area, Mancini said.

Properties owned by governments and nonprofits, as well as residential properties, are typically exempt from BID assessment, Mancini said. That leaves owners of roughly 100 out of 150 properties eligible to sign a petition to form the district.

Mancini said community support hinges on the specific services that would be provided and their corresponding costs.

鈥淎 Business Improvement District is the gold standard for continually successful revitalization and tourist districts, which is what Old Town is,鈥 Mancini said. 鈥淎 BID is one way to continually fund the efforts that enhance the community, so it鈥檚 the single best lever that we have found in the 近距离内射合集 States to be able to ensure the future vibrancy and success in the district.鈥

Keelin Fisher is a business reporter for the Journal. You can reach her at kfisher@abqjournal.com