From BIDs to RIDs: Creating Residential Improvement Districts

Mercatus Policy Series, Policy Comment No. 20

24 Pages Posted: 14 Mar 2009 Last revised: 12 Apr 2012

Robert H. Nelson

University of Maryland - School of Public Policy

Erika Christensen

Independent

Eileen Norcross

George Mason University - Mercatus Center

Date Written: May 9, 2008

Abstract

Compared to other urban redevelopment approaches, Business Improvement Districts (BIDs) - special geographically defined zones that are authorized to collect taxes from their members and then manage those revenues to serve a variety of purposes - have had relative uncontreversial success. Since the establishment of the first BID in Toronto in 1969, BIDs have become popular around the world, with more than 1,500 such districts in North America alone. Given that the needs of the inner-city poor are certainly as great as - if not greater than - those of urban businessmen, states and municipalities should act promptly to enact the necessary authorizing legislation that would allow Residential Improvement Districts (RIDs), organizations similar to BIDs but focused on the renewal neighborhoods, to exist and thrive.

Keywords: Urban economics, urban redevelopment, business improvement districts, residential improvement districts, BIDs, RIDs

Suggested Citation

Nelson, Robert H. and Christensen, Erika and Norcross, Eileen, From BIDs to RIDs: Creating Residential Improvement Districts (May 9, 2008). Mercatus Policy Series, Policy Comment No. 20. Available at SSRN: https://ssrn.com/abstract=1358589 or http://dx.doi.org/10.2139/ssrn.1358589

Robert H. Nelson (Contact Author)

University of Maryland - School of Public Policy ( email )

College Park, MD 20742-1815
United States
301-405-6345 (Phone)
301-718-4377 (Fax)

Erika Christensen

Independent

No Address Available

Eileen Norcross

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States
703-993-4930 (Phone)

HOME PAGE: http://https://www.mercatus.org/eileen-norcross

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