After years of planning, a business improvement district (BID) for North Broad Street was finally approved by City Council last month.
Beginning in January 2024, property owners on Broad Street between Spring Garden and West Indiana Avenue will be required to pay an annual fee based on the property’s assessed value in exchange for improvements and maintenance to the once-thriving business corridor.
Even though the BID requires city approval, it will be administered by North Broad Renaissance(NBR). NBR, a nonprofit, has already been leading cleanup, promotion, and other initiatives along North Broad associated with a BID, but it hopes that the BID brings a more sustainable source of funding for its efforts.
Shalimar Thomas, NBR’s executive director, said that her organization, as well as property and business owners along North Broad, noticed other BIDs popping up over the city in recent years, and believed that something similar could work for their stretch of North Philly.
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