web analytics

Venice Update

News of Venice, CA and Marina del Rey CA

Business Investment District (BID) Approved by City Council

Venice Business Investment District (BID) was re-approved by the City Council 9 November. It was previously approved by the City Council in August but because not all were allowed to speak, the complete process had to be redone before approval this week.

The properties within the map will be assessed yearly on a weighted value based on square footage and frontage.

The District’s total annual assessment for the first year is estimated to be $1,871,119.The assessment for five years is estimated to be $10,339,113, assuming a 5% yearly increase.

The BID management duties include, but are not limited to: Clean and Safe Programs, District Identity and Special Projects, and Administration and Management.

Proposed-BID 2

Comment (1)

  1. Anonymous

    This is great! The BID is the beginning of we residents taking back our neighborhood from all these meth heads (like Bonin used to be) and freeloaders that treat the area like a public toilet. Good riddance.

    As the elder said to the Dude in the Big Lebowski: “It’s over, the bums lost.”

    Hip Hip hooray. Money always wins in the end folks. Get a job.

Leave a Reply

Your email address will not be published.