Regina Downtown Business Improvement District eyes expansion
REGINA – Downtown Regina’s Business Improvement District (BID) could see an expansion that encompasses an additional 160 properties.
The proposed expansion would see the BID include much of 13th Avenue between Halifax Street and Albert St, and extend south down Broad Street to College Avenue.
The matter was discussed last week at the city’s Finance and Administration Committee meeting, and it was passed onto council.
It is estimated that the increased membership base would see the BID bring in an additional $90,000 annually in membership fees. Executive Director Judith Veresuk said most businesses would pay around $250 based on their tax assessment.
She pointed to some businesses, including the Metro Pet Market on Victoria Ave as being excited about the potential membership.
“We just came off our wonderfully successful first annual restaurant week. Knowing we were looking at expansion of the boundary, we offered participation to The Artful Dodger and The Diplomat. They took us up on that and we were able to help drive traffic into their locations,” Veresuk said.
The expansion will be up for discussion, and possible approval, at the March 29 city council meeting.