To the Editor:
This letter is written to support the creation of a downtown Special Improvement District (SID). As a career economic developer, a former town level deputy mayor, and a longtime “Tiger Tourist,” it is worth sharing some observations.
It is no accident that almost every downtown on the East Coast has a SID or a BID (Business Improvement District). SIDs can deliver whatever a town wants such as special events, concerts, downtown marketing, small business counseling, and town level problem-solving/advocacy. The alternative model of managing a downtown through a combination of the Chamber, Merchants Association, and the town will be less effective than a “one-stop” SID.
Questions about reasonable SID fees are valid and deserve consensus. But this legitimate concern should include the larger tax benefit of how a vibrant downtown strengthens residential sales values, which supports the total tax base and impacts the town tax rate. Live, work, play, and stay are all connected. more