On September 14th, the Board of Directors of the Riverside Downtown Partnership (RDP) approved the Annual Report for the renewal of the Riverside Downtown Parking and Business Improvement District (Downtown BID) levy for the upcoming calendar year. The activities of the Downtown BID are funded by this levy which is equal to 100% of the annual business tax levied by the City of Riverside and assessed on all businesses within the BID boundaries. The City collects the levy on behalf of the Downtown BID and provides up to $100,000 of matching money annually for improvements downtown.
The Annual Report has been submitted to the City for City Council to set the required public hearing to review the report and approve continuation of the Business Improvement District levy. The City will send out a notice to all businesses in the Downtown BID to advise them of the date and time of the public hearing. Businesses can download a PDF of the Annual Report to review in its entirety prior to the public hearing.
If you have any question regarding the Annual Report or the BID renewal process, please contact Janice Penner at the RDP office at 781-7339.