A CBD is a special assessment district that provides for the levy and collection of assessments on properties within a geographically defined area. Assessment revenue collected from the benefitting properties pays the costs associated with the improvements, services, and activities provided to the CBD area.
CBDs serve as highly successful funding mechanisms for district improvements, services, and activities. Some notable CBDs/BIDs include: the Greater Union Square BID in San Francisco, the LA Fashion District BID in Los Angeles, and the Times Square BID in New York City. Existing neighborhood based CBDs/BIDs in San Francisco are the Tenderloin, Civic Center, Noe Valley, and Upper Market/Castro among other places. There are currently 13 other BIDs/CBDs in operation throughout San Francisco.
Some of the services CBDs typically provide are:
- Ambassadors – monitoring street conditions, conducting social service outreach, pedestrian safety, and merchant outreach.
- Cleaning and Maintenance – daily sweeping, pressure washing, garbage and graffiti removal.
- Economic Development –retail attraction, retention and technical support.
- Management – including handling of day-to-day operations, advocacy, grant writing, financials, and all administrative tasks.
In fact, 57 percent of our budget goes to cleaning, safety & maintenance. Learn more about the Lower Polk Community Benefit District here at our new F.A.Q. section.