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The legislation, and the West Vernor Voluntary BID, are based on a benefit assessment model.
That is where business and property owners assess themselves a voluntary fee based on an agreed upon percentage of their property’s assessed value.
The West Vernor & Springwells BID assessment is based on a property’s assessed value, and supports a variety of services in a collective, cost-effective and efficient manner on behalf of BID property owners.
The property owners, through their elected Board of Directors, determine services and cost-effective investing of the funds to create visible change in the business district, while increasing sales and property values.
BIDs have existed in the United States for more than 40 years.
In winter 2001, the State of Michigan passed legislation to allow the creation of BIDs. At least 48 other states already have long-established BIDs, cities such as Milwaukee, New York City, Los Angeles, and Washington D. have dozens of BIDs covering not just their downtowns, but their neighborhood business strips as well.The Vernor-Junction Voluntary BID starts at Morrell on the east and goes to Livernois on the west.The Vernor-Springwells Voluntary BID starts at Honorah on the east and goes to Mullane on the west.State of Michigan legislation allows the West Vernor business community to petition the City of Detroit to legally create a formal BID for West Vernor and Springwells.Until the business community meets the legal specifications for formalizing a West Vernor/Springwells BID, the Southwest Detroit Business Association (SDBA) is helping business and property owners by overseeing a Voluntary BID on three sections of West Vernor.
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