What do GIDs fund?
GIDs in Colorado are created to construct and maintain public improvements and infrastructure.
How does a GID differ from a BID?
Whereas GIDs are primarily focused on the construction and maintenance of public infrastructure, BIDs can fund a variety of services such as marketing, placemaking, advocacy, and many other elements. Additionally, GIDs can assess both commercial and residential properties, whereas BIDs can only assess commercial properties.
How will the RiNo GID work with the RiNo BID?
The RiNo GID and RiNo BID will work in tandem with the RiNo Art District to deliver services to strategically grow and manage RiNo while helping to preserve the unique industrial and artistic character of the neighborhood. The RiNo BID intends to deliver the more "soft" infrastructure pieces such as advocacy, marketing, placemaking, and creative and entrepreneurial business support, while the RiNo GID will ONLY fund the "hard" infrastructure pieces in the westside of RiNo including, but not limited to, enhancements to Brighton Blvd., a lighting study for the westside of RiNo, enhancements to the access roads to Brighton Blvd., and riverfront improvements.
Wouldn't my property taxes pay for these things?
Your property and business taxes go to pay for basic services and infrastructure. BIDs and GIDs fund only services and projects that are above and beyond these services provided by the city in any neighborhood. Within GIDs and BIDs, funds are managed and controlled by the board of directors and can only be spent on projects detailed in an operating plan approved locally. These services and improvements help incrase the value of your property and should ultimately allow you to leverage your resources to improve your neighborhood.
How are residents involved in the GID?
Although residents do not pay into or vote for the BID, residents play a substantial role in the RiNo GID. In addition to commercial properties, residents sign petitions and vote in the fall TABOR election and pay assessments when the GID is created.
Why should I consider supporting a GID for the RiNo westside?
GIDs allow stakeholders in an area to come together, leverage resources, and collectively advocate for the future of their district and neighborhood. By providing resources that stakeholders manage, a GID puts greater control of the district in our hands and allows RiNo to leverage even more funds to ensure our long-term success and preservation of RiNo's industrial and artistic character.
How do I know about what's going on and decisions being made for the GID?
The RiNo GID website will include updates concerning the RiNo GID, including minutes from the board meetings and upcoming important dates.
Other GIDs in Denver include:
- Denver 14th Street GID: Created in response to the 14th Street initiative, this GID is a partnership between the Downtown Denver Partnership and the City and County of Denver to create downtown's "Ambassador Street". The City provided $10 million in bond funding for the 14th St. Streetscape Project and the GID added $4 million of district funds for project construction. Additionally, the GID provides maintenance on all chargeable parcels. Charges are separated into standard and premium zones based on their level of enhancements attributable to each zone. The charges are further prorated to each chargeable parcel by lineal footage for maintenance and assessed value for capital. The district was formed in 2009.
- Gateway Village GID: 243 acres on the eastern border or Montbello, north of I-70 and west of Chambers Road. The district was created to provide public improvements for the residents of the district, including the construction and maintenance of streets, landscaping, and greenbelt areas. The district's mill levy is 32.5 mills.