A business improvement district is a geographically defined area within the City of Los Angeles, in which services, activities and programs are paid for through a special assessment which is charged to all members within the district in order to equitably distribute the benefits received and the costs incurred to provide the agreed-upon services, activities and programs. Because the assessment funds collected in a given district cannot legally be spent outside of that BID, the City creates a trust fund for each BID, with funds periodically released to support operations. Additional information can be referenced from the Office of the City Clerks BID website.
Attribute | Details |
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Jurisdiction: | City of Los Angeles |
Name: | DOWNTOWN INDUSTRIAL DISTRICT |
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Last updated: September 17, 2023
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