Small BIDs rely on residents too…

Small BIDs like those proposed for Lake Street rely extensively on residents who consider the improvement of the commercial corridor to be a matter of civic interest. Participating residents may work on committees and directly on Lake Street improvement measures. Like many of our corridor property owners, all of our residents are local voters and their participation adds political weight to the BID’s efforts to obtain financial or regulatory support from governing bodies.

Lake Street Key Tasks

  • a parking plan (the cost of which needs to be shared by the City of Minneapolis) and its implementation, including design and installation of signs indicating parking locations;
  • a corridor stewardship plan, including design of gateway signs, sidewalk cleaning and oversight of lighting maintenance;
  • comparison review and advocacy for changes to improve local business regulations and zoning;
  • administration of Great Streets facade improvement matching grant program;
  • involve residents as well as business interests in attracting investment in additional destination retail; and
  • aggressively market corridor shopping, eating, and cultural venues.

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