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Downtown Owners Approve Maintenance Increase

DENVER-The Downtown Denver Business Improvement District's budget will jump 56% over the next two years as maintenance services are expanded in a 120-block area. Owners and leaseholders approve the increase by a wide margin.

By John Rebchook | Updated on November 08, 2001

DENVER-Downtown commercial property owners, with an 81% percent “yes” vote, approved a proposal that will increase the cleaning and maintenance services provided throughout the 120-block district. “These elections results confirm that Downtown Denver property owners are willing to invest in the quality of Downtown’s public spaces, and to ensure that Downtown remains an attractive place for workers, visitors, tourists and residents,” says Linda Kaboth, vice president of Mile High Properties and chair of the Downtown Denver Business Improvement District.

“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.

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