Efforts to start a Business Improvement District (BID) for Melrose Village are moving forward. We just heard about it from Denis Weintraub, one of the leaders of the new Melrose Village Property Owners Association, which is spearheading the BID process.
Denis said that Los Angeles City Council member Paul Koretz should be bringing a motion before the Council to approve the BID by Thanksgiving.
The property owners would then need to vote to establish the BID, by essentially raising their own property taxes. The funds raised this way would pay for the BID activities, which could include cleaning up the streets, providing private security patrols, increasing trash pickup, painting over graffiti, and promoting and advertising the business district and its unique stores and restaurants.
A BID is especially needed now that the City of Los Angeles is in poor financial shape and is struggling to provide even basic services.
An effort to start a BID on Melrose in the late 1990s failed to come to fruition. In the ensuing years, though, commercial property owners have witnessed the effectiveness of BIDs in central Hollywood, downtown Los Angeles, Old Town Pasadena, West Hollywood, and many other areas.
If all goes well, the Melrose Village BID should be fully up and running in about a year. We will bring you more information as events unfold.