Due to active opposition, the Council held first-ever oversight hearing on a proposed BID. On September 21, 2011, the City Council approved the establishment of the Chinatown Business Improvement District for more than 6,000 businesses in Manhattan. The BID comprises 50 blocks generally bounded by Broome Street to the north, Worth and Madison Streets to the south, Allen Street to the east, and Broadway to the west. The first-year budget will be $1,300,000.
At the … <Read More>
Proposed local law would impose wage mandates on certain businesses receiving City economic development incentives. On May 12, 2011, the City Council’s Contracts Committee held a hearing on the proposed Fair Wages for New Yorkers Act. The proposal, Intro 251-A, would require employers connected to a development project receiving at least $100,000 in financial assistance from the City to pay employees a mandated “living wage” that would be linked to a … <Read More>
Group of Chinatown property owners cited concerns about the BID’s assessment formula. On May 26, 2011, the City Council’s Finance Committee held a hearing on the Department of Small Business Services’ plan to create the Chinatown Business Improvement District encompassing more than 6,000 commercial businesses in Manhattan’s Chinatown. The BID would comprise 50 blocks generally bounded by Broome Street to the north, Worth and Madison Streets to the … <Read More>
Council Member Recchia warned BID about working with the Downtown Brooklyn Partnership. On April 28, 2011, the City Council’s Finance Committee held a hearing on the Department of Small Business Services’ plan to create the Atlantic Avenue Business Improvement District for more than 400 commercial businesses in Brooklyn’s Cobble Hill and Boerum Hill neighborhoods. The BID would extend along Atlantic Avenue between Fourth Avenue to the east, the Brooklyn-Queens Expressway … <Read More>
Concerns about how big-box retailer would affect small businesses dominated hearing. On February 3, 2011, the City Council’s Community Development Committee, Small Business Committee, and Economic Development Committee held a joint oversight hearing to debate Wal- Mart’s impact on the local community if the big-box retailer opened a store in the City. The Council convened the hearing in response to Wal-Mart’s renewed campaign to open a store in the City. Community opposition caused Wal-Mart to … <Read More>
Rezoning of 75 blocks along the Third Avenue and Tremont Avenue corridors will expand permissible uses to reflect existing development. On October 13, 2010, the City Council approved the Department of City Planning’s 75-block rezoning in central Bronx. The plan impacts the east-west commercial Tremont Avenue corridor bounded by Daly and Webster Avenues, and the north-south industrial Third Avenue corridor which is generally bounded by East 189th and East 175th Streets. A third area, the … <Read More>