Various Authors 1:40 p.m., Aug. 29
Council To Vote To Expand Downtown Property-Based Improvement District
It's no mystery that executives at Downtown San Diego Partnership have wanted to extend the reach of the property-based improvement district, also known as the Clean and Safe Program, for quite some time.
Well, it looks like their work, and the hundreds of thousands of dollars in taxpayer assessments paid to consultants, might have just paid off.
On Monday, city councilmembers will consider whether to create a "Commercial Marketing District Zone," an additional assessment that would be added to the existing Clean and Safe program. The new zone will expand the district by assessing all commercial-office property owners whose office-space measures 50,000 square feet or more.
The Commercial Marketing District Zone is expected to generate $353,080 a year, that's in addition to the $5.6 million that the Downtown Partnership collects from taxpayers annually.
The money will be used to attract new businesses to downtown, create a marketing strategy to attract and retain tenants, assist downtown's homeless population, and pay for a new shuttle to transport tenants and customers and alleviate parking demands in downtown.
"The goal of the proposed [Commercial Marketing District] zone is to enhance the competitive profile of the downtown office market within the San Diego regional market and beyond," reads a report from city staffers. "Based upon interviews and discussions with key members of the downtown real estate community, including both private and public sector representatives, and a survey of best practices from other downtowns tailored to the unique context, challenges and opportunities facing office properties with over 50,000 [square-feet] located within the downtown San Diego market."
In fact, execs at the Downtown Partnership have been hoping to extend their influence over downtown for some time now. In October 2009, they asked the City to modify the existing engineer's report to include the Commercial Marketing District zone.
Downtown property owners will have the final vote even if councilmembers decide to approve the new assessment, as is required by law.
Update: City council voted in favor of starting the process. Proponents will be looking for support of new CMD before ballots go out.
More like this:
- Downtown San Diego Partnership takes $100,000 in assessments for defense in lawsuit over misuse of assessments — Sept. 12, 2013
- The Downtown San Diego Partnership set to receive another $5.8 million in taxpayer subsidies to manage the Clean and Safe Program — July 12, 2013
- Downtown San Diego Partnership Pushes For Renewal of Assessment District — Aug. 8, 2012
- Consultants Ate Your Baby — July 18, 2012
- Downtown Residents Question Use of Funds From Property and Business Improvement District — March 6, 2012