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Smashing SuccessRelease Date: Thursday, July 3rd 2008The Downtown DC Business Improvement District’s 2007 Annual Report highlights many of the organization’s accomplishments and goals in key areas, including safety, Last year, the Downtown BID successfully renewed its legislative charter for another five years through fiscal year 2012 and planned for its 10th anniversary and a decade of great public and private cooperation that helped position Downtown DC as an international model of urban ingenuity. In addition, the Downtown BID embarked on a new set of values and attributes to help create a vibrant, inviting and smart future for Downtown DC, established strong partnerships with the federal and municipal governments and launched successful initiatives to address ongoing problems such as traffic congestion, homelessness and park conditions. The Downtown BID area continued to serve as a significant contributor to DC’s fiscal resurgence with a net fiscal impact estimated at $644 million for fiscal year 2007, or 58% of DC public school’s locally funded budget. Several exciting development projects also made their way onto the Downtown landscape, including the Shakespeare Theatre Company’s Harman Center for the Performing Arts (450 7th Street) and the new Kogod Courtyard at the Donald W. Reynolds Center for Performing Arts at 8th and F Streets. For more information, the annual report is available at www.downtowndc.org/annualreport.
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hospitality and maintenance, economic development, special events and physical improvements. The Downtown BID area, once perceived as “dull, dirty and dangerous,” now reigns as the cultural and entertainment epicenter of the region.
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