Historic Downtown BID Renewal Approved

DOWNTOWN LOS ANGELES — Congratulations are in order to Russell Brown and the Historic Downtown Business Improvement District, who this morning received city council unanimous approval on the BID’s renewal.

In order to be formed or renewed, BIDs must receive signatures from the property owners that would be paying over half of the BID’s assessment. Normally, that’s a lengthy process. Brown told Council today that the Historic Downtown BID was able to reach fifty percent in ten days, and sixty percent in two weeks.