The BID for SoHo’s Broadway fulfilled and exceeded the requirements of the New York City Department of Small Business Services (SBS) to demonstrate support from prospective BID members. Subsequent to the April 2010 public meetings, a ballot form was distributed to property owners within the proposed BID district for their vote.
Demonstrating support by those directly impacted by the BID was achieved and was significant as about 44% of the property taxlots (124 taxlots out of a total of 280 taxlots) and 70% of the assessed value in the district (317 million our of a total of 461 million in assessed value) submitted a ballot. These response rates are better than what is expected of public participation surveys.
80% of the total respondents approve of the formation of a BID for SoHo’s Broadway (both in terms of # of taxlots and total assessed value). Support by those who would be paying the most is clearly evident.
Subsequent to the public meetings in april 2012, the Steering Committee continued to reach out to those undecided, particularly BID area residents. With the initial ballot results and additional letters of support, of the 352 residential units (coops and condos) in the district, 41% of units have responded to the Committee’s outreach, with approximately 91% of the respondents in approval.
By summer of 2012, Co-Chair Emily Hellstrom and other residents on the BID Committee continue to make the case for a BID for SoHo’s Broadway. A resident petition was signed by many BID area residents along Broadway.
During the legislative approval process, only 7 objections were filed by property owners, or 2.7 % of total taxlots and 7.4% of total assessed value in the district.