The current issue of the Beverly Press has an article on the long-planned Melrose Village BID. According to the article, the BID will not launch on January 1, as many had hoped – but it may still launch in 2013.
The BID organizers need to get 50% of the commercial property owners on Melrose Avenue to agree to the BID (and to pay the assessments that will fund its activities). So far, 42% have signed on. The organizers hope to pass the 50% threshold in the next few months.
Denis Weintraub, a commercial property owner who is one of the biggest proponents of the BID, said:
People have realized that Melrose will never gain back the international acclaim … unless we do something to get together and pour money into the street. I could see that we’re going to do very, very well. People want to see Melrose come back.