Plan encompasses 130 businesses. On February 7, 2007, the Planning Commission approved an application by the Department of Small Business Services to create a new Court Livingston Schermerhorn Business Improvement District for 350 tax lots and 130 businesses in downtown Brooklyn.

The proposed BID will allow an annual assessment on businesses and residents to enhance security, sanitation, holiday lighting, marketing, maintenance and economic development. Within the boundaries of the BID are a Barnes & Noble, a United Artists Multiplex, Brooklyn Law School and Brooklyn Borough Hall.

The $765,000 first-year budget will come from commercial property assessments of $23 per linear-foot front, limited to an amount of $.0024 per dollar of assessed valuation. Residential properties will pay an annual $1 assessment. Government uses and not-for-profits will be exempt.

With no opposition to the BID at the Planning Commission’s hearing, the Commission approved without modification. If approved by the City Council and Mayor Michael Bloomberg, it will become downtown Brooklyn’s fifth BID.

Review Process
Lead Agency: DSBS,Neg.Dec.
Comm.Bd.: BK 2, approved
Council: pending
Mayor: pending

CPC: Court Livingston Schermerhorn BID (N 070214 BDK) (Feb. 7, 2007). CITYADMIN