"Their commitment will also enhance the tremendous investments the public and private sectors have already made in Downtown in the past decade," she adds.
Through annual assessments, owners of private commercial properties in the district help fund cleaning and maintenance services, safety initiatives, consumer marketing campaigns and economic development efforts. The budget increase, which required voter approval under the terms of Colorado's TABOR regulations, will increase the BID's annual budget from $2.5 million a year in 2001 to $3.2 million in 2002, with another increase to $3.9 million in 2003.
TABOR is a constitutional amendment that limits government spending in Colorado.
There are approximately 350 private commercial property owners in the BID. The BID's boundaries extend from Speer Boulevard to 20th Street, and from Wynkoop Street to Grant Street. Leaseholders and personal property owners were also allowed to vote in the election.
Currently, the bulk of the BID's day-to-day cleaning and maintenance services are provided on the 16th Street Mall and on 17th Street between Broadway and Market Street. With the increased funding, these core cleaning services, including sidewalk sweeping, trash removal, and graffiti removal, will be extended throughout the 120-block district.
Additionally, the Lower Downtown extension of the 16th Street Mall between Market Street Station and Wynkoop Street will receive additional enhancements such as flower planting, landscaping, tree maintenance and snow removal.
"The level of activity throughout Downtown-particularly in the Lower Downtown area has increased visibly since the BID's structure and budget was set in 1992," says Tom Sprung, president of Sprung Construction and vice chair of the BID. "This enhancement proposal was crafted after hearing from a wide variety of Downtown property owners, who expressed their desire for increased services throughout the district to reflect the demands of more pedestrians in Downtown."
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