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Large Business Improvement Districts Add to Property Values but Smaller Bids Have No Impact On Values, NYU S Furman Center Finds
Jul 25, 2007
Over the past few decades, New York City and other major cities have fostered the development of business improvement districts (BIDs) to finance services and streetscape improvements in commercial areas. Despite their increasing use as an economic development tool, little work has been done to evaluate the impact BIDs have on the communities they serve.