The City of Oklahoma City established the first Business Improvement District (BID) in 2001 and actively supports BIDs in commercial areas where property owners want to transform their areas, making them more attractive places for business. BIDs are regulated by the Oklahoma State Improvement District Act (PDF).
What is a BID?
Business Improvement Districts (BIDs) are a public/private partnership in which property owners pay a special assessment for the maintenance, development, and promotion of their commercial district. All the BIDs in Oklahoma City are managed by a business - merchants association that typically includes one full time Executive Director who reports to the Board of Directors and manages the district services and relations.
BIDs deliver supplemental services within a defined district such as:
- Maintenance and sanitation;
- Public Safety
- Marketing and promotion;
- Capital improvements; and
- Landscaping and beautification.
Establishing a BID:
Creating a new BID requires a community-driven approach by property owners, business owners, other interested stakeholders, and support from City Council. The Commercial District Revitalization Program (CDRP) staff is here to:
- Educate and provide guidance to BID organizers and the local business community about BID policies and procedures.
- Guide the BID organizers through steps to form a Steering Committee and establish a realistic timeline.
Managing a BID:
After City Council approves the BID, delivering the services and affecting change in the district will require continued coordination and management. The services are typically managed by a non-profit association whose purpose is to steward the district and its prosperity.