Posts Tagged ‘BID’

2015 Changes to Municipal Service District (MSD) Authority

Monday, October 19th, 2015

In the state budget bill, S.L. 2015-241, the legislature made a few changes to municipal service district (MSD) authority. An MSD is a defined area within a municipality in which the unit’s governing board levies an additional property tax in order to provide projects or extra services that benefit the properties in the district. (Counties have […]

Cash Grants for Real Estate Developers without Competition for Jobs—A Constitutional Quandary

Tuesday, September 15th, 2015

A local real estate developer, Al Czervik, proposes to construct a mixed-use development with residential, office, and retail space. The city council likes the development plan because it is consistent with the council’s vision for the area. Czervik, seeing incentives being offered to convince companies to locate in North Carolina rather than other states, misses […]

Funding Capital Projects in a BID (Business Improvement District)

Thursday, March 31st, 2011

As discussed in a previous post, a North Carolina municipality may establish a special tax district that encompasses its central downtown area to raise money to fund “downtown revitalization.” See G.S. 160A-536(a)(2). The special tax district is commonly referred to as a Business Improvement District or BID. Many municipalities create and maintain BIDs to provide […]

A Guide to Business Improvement Districts in North Carolina

Thursday, April 1st, 2010

A city’s governing board wishes to support and promote its downtown area. It wants to install sidewalks and street lighting. It wants to renovate the storefronts that line its main street. It wants to hire personnel to provide additional security in the area. It wants to invest in downtown art initiatives and other beautification projects. […]