|
What
is a Business Improvement District (BID)?
Wisconsin municipalities by state
statute have the power to establish Business Improvement Districts within their community and an assessment method that allows business property owners to contribute to
programs aimed at promotion, management, maintenance and development of properties within a municipality
that are subject to real estate tax. (BID section
66.1109 of Wisconsin Statues)
When was the Superior BID established?
In 1989. Two boundary expansions have occurred since its
inception. For our current boundaries, please call the BID
office at 715-394-3557 or
email office staff
How large is the BID?
The BID encompasses 89
blocks, 322 tax parcels with over 360 businesses. It is the largest BID in
geographic size in the State. Over 2,500 employees come into
the BID on any given workday.
How is the BID governed?
The BID has an eleven member
board with 51% of the members required to be commercial property owners
or
their representatives. Members serve one, two or three year terms. The board is appointed by Superior's Mayor and approved by the City
Council.
What is the committee structure of the BID?
The BID Promotion and
Marketing Committee establishes and oversees marketing promotions and
events. The BID Design Committee
reviews
and approves all grant applications and advises on areas that impact the
BID sense of place.
How is the BID funded?
An assessment on commercial
property within the BID's boundaries, matching funds from the
operations budget of the City of Superior and donations are the funding sources for the BID. The
BID continuously seeks grants for specific needs.
Are grant or loan programs available?
The BID has several grants
for building restoration, new construction, and design assistance. A BID
Reinvestment Loan Program, through local banks, is also available
for commercial property owners.
Continuous updates on programs and
promotions are
available on our web-site: www.superiorbid.com
BOARD OF DIRECTORS & STAFF
CHAIR
Michael Colclough, M&I Bank
VICE-CHAIR
John Conway,
Superior Glass
SECRETARY/TREASURER
Gary Banker,
Retired
PAST PRESIDENT
Tim
Sauter,
Sauter Fairchild
|
Top of Page | | 