Tag: business improvement districts
Changes to Municipal Service District (MSD) Authority
[UPDATE: Additional changes were made in 2016. Those changes are summarized here: 2016 Changes to Municipal Service District (MSD) Authority] In the state budget bill, S.L. 2015-241, the legislature made a few changes to municipal service district (MSD) authority. An MSD is a defined area within a m … Read more
Funding Projects in a Business Improvement District: Does Everyone Have to Benefit?
A city establishes a business improvement district (BID) in its central downtown area. The central downtown area encompasses the properties located along approximately one mile of the city’s main street. It also includes the properties on adjoining and parallel streets located within a five-block ra … Read more
Funding Capital Projects in a BID (Business Improvement District)
Kara Millonzi is a School of Government faculty member. As discussed in a previous post, a North Carolina municipality may establish a special tax district that encompasses its central downtown area to raise money to fund “downtown revitalization.” See G.S. 160A-536(a)(2). The special tax district i … Read more