The City Council’s finance and culture committee is bringing forward a plan for an approximately 10% expansion of a Capitol Hill program that funds everything from trash and graffiti clean up, to marketing and advocacy campaigns around the neighborhood’s Broadway core.
In 2013, CHS wrote here about the effort to expand the Broadway Business Improvement Area to Pike/Pine as the Capitol Hill Chamber of Commerce also considered a larger expansion that may eventually come back into play.
Following the committee’s approval of the plan, according to a City Hall staff memo, a public hearing on the expansion will take place in early June before final adoption of the expanded boundaries. The memo also outlines state limits on how business improvement areas are allowed to expand:
Under state law, the Council may expand the boundaries of an existing BIA provided that the projected assessment revenue from the expansion area is no greater than 10 percent of the current assessment revenue of the existing BIA.
Also notable: City Council and staff are now referring to the program as the Capitol Hill BIA, not the Broadway BIA.
Any major changes to the BIA, including expanding its budget or boundaries, require approval of member businesses. Membership fees and an assessment based on gross income — $2 for every $1,000 generated — currently provide the bulk of the program’s budget.
UPDATE: The approved plan is slated for a final vote by the full City Council on Monday, May 19th.