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Business improvement districts

Overman, Henry G. (2012) Business improvement districts. Spatial Economics Research Centre Blog (18 Apr 2012). Blog.

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Abstract

Some lessons for Portas Pilots and other attempts to 'turn around' UK high streets from an interesting piece in the Journal of Urban Economics on which businesses choose to take part in Business Improvement Districts: "Business Improvement Districts (BIDs) provide supplemental services to urban commercial corridors using funds from member assessments. They have become a very popular urban revitalization tool, but their formation is still largely unexplained. [...] I find that BIDs are more likely to form when there is more commercial space over which the BID benefits can be capitalized and when there is homogeneity in service and spending preferences across properties. BIDs also tend to form in neighborhoods that possess signs of appreciation and growth. Generally, BIDs are more likely to form in neighborhoods with higher valued properties with the exception of very wealthy areas. The BID boundary, however, is comprised of relatively less valuable properties."

Item Type: Website (Blog)
Official URL: http://spatial-economics.blogspot.co.uk/
Additional Information: © 2012 The Author(s)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
H Social Sciences > HT Communities. Classes. Races
J Political Science > JC Political theory
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
J Political Science > JS Local government Municipal government
Sets: Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > What Works Centre for Local Economic Growth (WWG)
Collections > LSE Spatial Economics Research Centre Blog
Date Deposited: 29 Jun 2017 09:06
Last Modified: 29 Jun 2017 09:06
URI: http://eprints.lse.ac.uk/id/eprint/82703

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