BID


www.waikikibid.org	A Business Improvement District for Waikiki The Waikiki Business Improvement District, launched in march 2001, is the product of strong business, government and community support. Waikiki Improvement Association led the drive for Hawaii's first BID. Enabling legislation allowing the establishment of business improvement districts (BIDs) statewide passed the State Legislature in 1999. Legislation establishing the Waikiki BID passed the Honolulu City Council in June 2000. BID services were launched the following year. Many took part in the precedent-setting process: the city administration, which recognized the success of the BID concept in other municipalities the Honolulu Police Department, which made the Waikiki BID a priority in conjunction with its community policing program the Honolulu Prosecutor's office, which worked to craft a bill that would be adaptable to other communities the Waikiki Improvement Association, which galvanized the business community and spearheaded the process For more information: www.waikikibid.org The success of the BID initiative reflects a high level of cooperation between the public and private sectors to revitalize Waikiki. The BID Phenomenon Although new to Hawaii, more than 1,200 communities nationwide are using improvement districts to enhance their physical and economic vitality and improve their quality of life. 42 states have enacted BID legislation New York City alone has 41 BIDs Most popular BID services: safety and security, sidewalk cleaning, landscape maintenance and marketing BIDs' greatest accomplishments: attracting investment capital to areas, driving economic revitalization What is a Business Improvement District? A Business Improvement District is public-private partnership created to provide additional services and programs for a specific geographic area. The businesses and owners in a BID pay assessments in order to provide the money necessary to fund and manage these supplemental services. Safety and security, sidewalk cleaning, landscape maintenance, and visitor information are the most popular services provided by BIDs. The BID is typically governed by a non-profit organization made up primarily of those who pay assessments. BID Goals Improve the physical environment and strengthen investor confidence Reverse negative images and create a positive, healthy district identity Establish private sector control and accountability - BIDs are governed by those who pay. Provide a framework for future initiatives BID Benefits Helps maintain property values and attract investments Strengthens the collective role of the district business community Stable funding for supplemental services Non-bureaucratic and innovative management Flexibility to quickly respond to market changes and business needs Tangible BID Results Increased sales Improved property values Reduced crime Cleaner, safer, more attractive resort destination Increased numbers of people using the district for a variety of purposes For more information: www.waikikibid.org

www.waikikibid.org

A Business Improvement District for Waikiki

The Waikiki Business Improvement District, launched in march 2001, is the product of strong business, government and community support. Waikiki Improvement Association led the drive for Hawaii's first BID. Enabling legislation allowing the establishment of business improvement districts (BIDs) statewide passed the State Legislature in 1999. Legislation establishing the Waikiki BID passed the Honolulu City Council in June 2000. BID services were launched the following year.

Many took part in the precedent-setting process:

the city administration, which recognized the success of the BID concept in other municipalities

the Honolulu Police Department, which made the Waikiki BID a priority in conjunction with its community policing program

the Honolulu Prosecutor's office, which worked to craft a bill that would be adaptable to other communities

the Waikiki Improvement Association, which galvanized the business community and spearheaded the process

For more information: www.waikikibid.org

The success of the BID initiative reflects a high level of cooperation between the public and private sectors to revitalize Waikiki.

The BID Phenomenon

Although new to Hawaii, more than 1,200 communities nationwide are using improvement districts to enhance their physical and economic vitality and improve their quality of life.

42 states have enacted BID legislation

New York City alone has 41 BIDs

Most popular BID services: safety and security, sidewalk cleaning, landscape maintenance and marketing

BIDs' greatest accomplishments: attracting investment capital to areas, driving economic revitalization

What is a Business Improvement District?

A Business Improvement District is public-private partnership created to provide additional services and programs for a specific geographic area. The businesses and owners in a BID pay assessments in order to provide the money necessary to fund and manage these supplemental services. Safety and security, sidewalk cleaning, landscape maintenance, and visitor information are the most popular services provided by BIDs. The BID is typically governed by a non-profit organization made up primarily of those who pay assessments.

BID Goals

Improve the physical environment and strengthen investor confidence
Reverse negative images and create a positive, healthy district identity
Establish private sector control and accountability - BIDs are governed by those who pay.
Provide a framework for future initiatives

BID Benefits

Helps maintain property values and attract investments
Strengthens the collective role of the district business community
Stable funding for supplemental services
Non-bureaucratic and innovative management
Flexibility to quickly respond to market changes and business needs

Tangible BID Results

Increased sales
Improved property values
Reduced crime
Cleaner, safer, more attractive resort destination
Increased numbers of people using the district for a variety of purposes

For more information: www.waikikibid.org