Being First, and getting results that last…
What’s a PBID?
It’s a Property Based Improvement District; and right here in River City the first one in California was conceived back in 1994 and became reality in 1995 as the Downtown Sacramento Partnership (DSP). They’ve accomplished a LOT, including cleaning up Downtown blight, making our business core more consumer friendly, and bringing together business leaders to help revitalize our city center.
Apparently, the people who support DSP via special assessments believe they are getting a good return on their investment – they’ve again renewed the PBID for another 10 years.
For an interesting history of the Downtown PBID, including comments about Midtown and other special assessment successes, check out Zone Improvement by Comstock’s Magazine.
Cathy Harrington is Lyon Real Estate’s director of marketing, overseeing the content on the Lyon Local blog, website and social media channels.