A BUSINESS IMPROVEMENT DISTRICT is a privately run authority with the legal right to levy a tax on property owners and businesses. BIDs were written into law in New York City and State in 1982, with the aim of revitalizing depressed commercial areas such as the old Times Square. This BID BUSINESS MODEL does NOT fit SoHo.
- Community Board 2 found the SoHo BID proposal so thoroughly ill-conceived
that the Board voted UNANIMOUSLY in OPPOSITION to the plan.
The proposed SoHo BID would cover Broadway in SoHo from Houston to Canal. In neighborhoods to the north, east and west established BIDs are currently expanding, and the SoHo BID promoters’ own documents show that these real estate interests already have their eyes on ALL of SoHo. Today some BIDs have become quasi-governmental fiefdoms, where democracy slowly but surely disappears. This fits the profile of what a SoHo BID would become if this new level of unfair governance and unnecessary bureaucracy is established with the approval of the City Council and the Mayor’s office.
WHY DOES SOHO NEED A BID? IT DOESN’T!
- SoHo is one of the most commercially successful neighborhoods in NYC — and the entire nation.
- SoHo is known around the world as a shopping mecca. SoHo hardly qualifies as a depressed area.
DON’T FALL FOR THEIR SCHEME TO MAKE YOU PAY THE BS BID TAX!
Tell the NY City Council to
REJECT THE SoHo BID
Contact The SoHo NO BID Committee: SohoNoBID@nyc.rr.com