-
- Galleries + Studio Buildings
- RiNo Artists
- Makers + Artisans
- Architecture, Design + Art Services
- Branding, Production + PR
- Cycling, Fitness + Health
- Coworking + Collaborative Spaces
- Community + Business Services
- Real Estate
- Specialty Shops + Salons
- Community Places
- Places to Eat + Drink
- Resident Supporters + Friends of RiNo
RiNo BID
The BID assesses commercial property in nearly all of RiNo to generate funding for advocacy, placemaking, affordability and marketing the district. In 2016, the BID will raise approximately $550,000 to support RiNo. These funds are dedicated towards projects and programming in four key areas: Advocacy, Placemaking, Marketing and Branding and Support for RiNo’s Artists and Creatives.
What is a Business Improvement District (BID)?
A BID is a special district financing tool used to help stakeholders collectively plan, fund, and implement services and improvements to their neighborhood.
A few key facts about BIDs:
- BIDs fund special services in a defined area through an assessment on commercial properties (residential properties are not assessed in a BID).
- It is up to district stakeholders to establish an area for the BID, set priorities for what the BID will fund, create a budget and assessment rate, and develop a plan.
- BIDs are established through majority support of property and business owners in the district, and cannot be imposed upon an area.
- All the money raised through the BID comes back to the district. A Board of Directors representing those paying assessments manages the BID funds.
