CIDs are one of the most powerful public-private tools that can revitalize business districts and re-energize entire communities. Taking a geographically defined district in which commercial property owners vote to impose additional ad valorem real estate taxes, these stakeholders take the future into their hands by determining how the additional funds will be spent to benefit their immediate area. Today, CID funds enhance existing city/county services such as public safety, redevelopment opportunities and traffic solutions. In addition to leveraging their funds with federal and local government monies, CIDs allow community leaders and the actual property owners to chart a course they determine for an area’s economic growth and lasting vitality.
The ability of a CID to focus on projects specific to its area enables commercial property owners to address issues of direct importance to them. Of course, a CID cannot fund large-scale projects on its own. The role of the CID is to also use its money locally to attract state and federal funds. The CID funds the planning studies, develops the design, and completes all the background work. When federal or state funds become available, the CID stands at the front of the line, ready to execute on its completed plans.
Without a CID, a project could take much longer, if it is ever even considered by government decision makers. By identifying issues of concern: mobility, streetscapes, personal safety, cleanliness, the CID allows for concerted advocacy in which projects can be placed on a fast track for completion. Acting as a unified corporate voice to champion a project for state and federal support and by working in concert with public-sector planning experts, the CID projects move forward with far greater success.