North Flatbush Avenue Business Improvement District Operations
PLACEHOLDER FOR TAG LINE
North Flatbush Avenue Business Improvement District (NFBID) is a community steward focused on providing supplemental services in district maintenance, business support and advocacy to assessment paying members (property owners, commercial tenants and residential tenants)
Overview
Stakeholders and Partners Geography
North Flatbush Avenue Businesses & Property Owners Brooklyn, NY
North Flatbush Avenue BID Board of Directors
NYC Department of Small Business Services Timeline
Brooklyn Borough President's Office 2015 - present
Challenges
Placholder
Our Approach
The Alliance for Coney Island’s long term goal to form a Coney Island Business Improvement District is rooted in the need to build capacity for the organization to continue providing much-needed services to make the neighborhood cleaner, safer, and more fun. Conversations about forming a Coney Island BID started as far back as 2016 in the hopes of building a sustainably funded organization to service the area, and emerging from the pandemic it became even more clear why BID formation was the only path forward for the Alliance, as commercial corridors with BIDs fared much better during the pandemic. The goals of forming a BID were to create a sustainably funded organization that could consistently provide services, and expand upon the services the Alliance was already providing, equipping businesses to capture revenue from the influx of residents moving to the neighborhood as a result of several big development projects. The Coney Island BID formation effort was focused on balancing the needs of the Amusement District, a major tourist destination, and Mermaid Avenue, which services local residents. Similar to the Alliance, a Coney Island BID will aim to honor the area’s robust history while building a thriving area that continues to be an international destination.
Outcomes & Impacts
Formation of a Steering Committee representative of the diversity of the Coney Island business community, including property owner and business owners, retail, hospitality, and amusement businesses, and representation from both Mermaid Avenue and the Amusement Area
Completion of a neighborhood needs assessment survey, gathering data from residents, property owners, and business owners about what services they’d like to see in the area
Completion of the four key decisions that constitute the planning phase of BID formation: BID geography, Services, Maximum assessment, Assessment formula
The creation and distribution of the official support ballot Brought together the Steering Committee to host two public meetings to answer the questions and concerns of the community Collection of, to date, over 70 support ballots, representing 57% of the assessed value of property in the area.
Insights
HOLD HOLD HOLD
Conclusion
HOLD HOLD HOLD
