Posts Tagged ‘special obligation bonds’

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 […]