Plan encompasses 195 businesses. On August 27, 2008, the City Planning Commission approved an application by the Department of Small Business Services to create a new Fulton Street Business Improvement District for 371 properties and 195 businesses in the Fort Greene and Clinton Hill neighborhoods of Brooklyn. Within the boundaries of the BID are the BAM Harvey Theater and several triangular parks.

The proposed BID allows for an annual assessment on businesses and residents to enhance security, sanitation, holiday lighting, and marketing. The projected $300,000 first-year budget will come from commercial property assessments of not more than $50 per linear front foot, with corner properties assessed an additional $120 per year. Residential properties would pay an annual $1 assessment, while Government uses and not-for-profits will be exempt. (read more…)