Why do businesses located in a Business Improvement District (BID) have to pay a special assessment?
A Business Improvement District (BID) is a mechanism authorized by City ordinance to enable all businesses in a specific area to self-assess fees to support common marketing programs and other measures to improve business conditions. Both the existence of the BID and the assessment fee schedule must be re-authorized each year by the City Council. A BID fee is not a tax. At the request of the BID member businesses, BID fees are collected by the City and transferred to the BID governing body for administration and expenditure. For more information on BID’s in Culver City, contact the Redevelopment Agency at 310-253-5760.
