The BID for SoHo’s Broadway followed the BID Law and fulfilled and exceeded the requirements of the New York City Department of Small Business Services (SBS), the agency that supports the economic development work of organizations throughout the City, from merchant block associations to economic development corporations and Business Improvement Districts (BIDs).
The legislative approval process for the BID for SoHo’s Broadway began in September 2010 with a review meeting with City agencies (ie. Inter-agency Meeting). In October 2010, the application was submitted to City Planning Commission. In November 2010, Manhattan Community Board #2 issued a resolution. The BID Steering Committee addressed community concerns since then and has enhanced the District Plan with the further input of residents within the BID District. By January 2011, City Planning Commission approved the BID for SoHo’s Broadway. The BID Plan and legislation was reviewed and approved by the City Council. The Mayor’s signature into law took place in October 23, 2013.
On November 20, 2012, the Finance Committee of the NYC City Council held an oversight public hearing to review the BID plan for SoHo’s Broadway.
On February 27, 2013, the Finance Committee of the NYC City Council put forth a resolution to set a date for the legislative public hearing for the BID’s District Plan.
On March 13, 2013, the Finance Committee of the NYC City Council held the legislative public hearing for the proposed BID for SoHo’s Broadway.
On October 10, 2013, the NYC Council’s Finance Committee vote unanimously to approve the BID Plan for SoHo’s Broadway.
On October 23, 2013, Mayor Bloomberg signed the legislation to establish the SoHo Broadway BID.