HomeMy WebLinkAboutBack-Up DocumentBUSINESS
IMPROVEMENT
DISTRICT
ABOUT THE BID
WHY WAS THE BID CREATED?
For more than 30 years, commercial districts across the United States
have turned to Business Improvement Districts (BIDs) to provide
services that even the best -run cities have difficulty providing.
Today, there are anywhere from 1,000 to 2,000 BIDs nationwide,
and the number grows yearly. BIDs have achieved measurable success
in putting private capital to work to solve public problems, and restore
or enhance the economic vitality of commercial areas. The Coconut
Grove BID intends to remain the primary voice advocating on behalf
of property owners, restaurants, and merchants in the Grove,
while positively impacting the development of the neighborhood
over the coming decade.
Vur MiiLon
Re-establish Coconut Grove as a world -class commercial
walking village with impeccably clean and visibly safe streets
Attract high -value customers,
both residents and visitors,
to shop and dine in our district
Ensure self-sustainability
without putting a burden
on the City or its taxpayers
FA EVICAUMS.-11
CHARLES AVE.
FRANKLIN AVE.
COCONUT GROVE
BUSINESS IMPROVEMENT DISTRICT
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230 FOLIOS 112 PROPERTY OWNERS
2019 PROPOSED BUDGET
$5. 2M
TOTAL REVENUE
Contributions from BID Fund
for Capital & Operations
Projects& Marketing Initiatives
BID Assessments
arking Waivers & Surcharges
Investment Income
Fees
a Park Parking"
Collections Deferred
Capital Projects
Marketing & Advertising
Streetscape
2 5OO
Security
Sanitation
Special Events
General & Administrative
02
A DECADE OF PROGRESS
PRIORITIES IN
2009
SANITATION // SECURITY // MARKETING
SPECIAL EVENTS // STREETSCAPES
& CURB BEAUTIFICATION
LEVERAGED IN FAf�ADE
BYTHE NUMBERS$1,000,000+
IMPROVEMENT GRANTS
165,000
RIDES ON COCONUT
GROVE TROLLEYS
PAID FOR BY THE BID
8,500
PLANTS
ON MEDIANS
MAINTAINED WEEKLY
16
NEW BUSINESSES
IN LAST 6 MONTHS
1OM
MEDIA IMPRESSIONS
300
CUBIC YARDS
OF DEBRIS
REMOVED POST
HURRICANE IRMA
100+
HOURS
OF CLEAN TEAM
SERVICE EVERY
WEEK
Z900
HOURS
SECURITY COVERAGE
& OFF -DUTY POLICE
COVERAGE ANNUALLY
34,000 LBS TRASH &
15,000 LBS RECYCLABLES
7,200
FREEBEE PASSENGERS
IN LAST 4 MONTHS
79,500
SUBSCRIBERS
TO E-NEWSLETTER & SOCIAL MEDIA
COLLECTED ANNUALLY
6,000
HOURS
SANITATION
ANNUALLY
2.1M
TOURISTS ANNUALLY
03
A DECADE OF PROGRESS
SIGNATURE ACHIEVEMENTS
STREETSCAPE IMPROVEMENTS
• Sidewalk restoration & crosswalks
• Facade program/shutter removal
• Landscaping
• Wayfinding & informational kiosks
• Clean-up & storm relief
HOSPITALITY & PUBLIC SAFETY
• Block -by -Block Clean Team
• Block -by -Block Ambassadors
• Mobile -friendly website
• Off -duty police coverage
• HD camera system
BUSINESS SERVICES
• Liaison between businesses
and City Hall
• Marketing & social media support
• Educational workshop series
SUSTAINABILITY
• Tree canopy protection
• FPL utility burial
• Recycling program
• Tree trimming program
ENHANCING MOBILITY
• Launch of Freebee service
• Expanded trolley service
• Central valet stations
& subsidized rate
• Bike lanes & racks
MARKETING & EVENTS
• Local, national & international
public relations
• Emails, newsletters & branded content
• Social media promotions
• July 4th Fireworks, Annual Tree
Lighting, concerts, FAM Nights,
and yoga; all events free to public
• Sponsor of King Mango Strut,
Madd Hatter, Coconut Grove Art
Festival, Veteran's Day Parade,
and annual regattas
04
CREATING VALUE
• Expanded tax base
• Growing property values
• More than $1.5 million
in services delivered
each year
DRIVING FOOT TRAFFIC
• 2.1 million out-of-town
visitors in 2017
• 46,000+ residents; up 50
percent from 2010
• Dozens of special events
each year
MEASURABLE RESULTS
BUSINESS GROWTH
& INVESTMENT
• 16 new retail concepts
entering the market
(LPQ, Bonobos, and more)
over the last six months
• 18 major development
projects underway
as of Q1 2018
• 250,000 square feet of
Class A office space under
construction; 1% vacancy rate
• Hotel occupancy of 84%;
up 5% year -over -year
05
(Source: SFBJ, Blanca CRE, GMCVB, TRD, Grove BID)
A ROADMAP FOR SMART GROWTH
The BID'S MASTER IMPLEMENTATION PLAN is a blueprint
for smart growth in the decade ahead based on dozens
of meetings; a public visioning workshop; interviews with
residents, businesses, and civic groups; as well as over
400 survey responses. The plan sets guidelines for
addressing the community's needs and guiding future
development while retaining the Groves unique character.
OPEN SPACE
LAND USE
MOBILITY
IDENTITY/CHARACTER
COMMUNITY
RESILIENCY
Vpcomuiq ¶Prioriliei
$1.3M $105K $1.8M $100K
FPL UTILITY FREEBEE MAIN HIGHWAY PEACOCK PARK
BURIAL EFFORTS TRANSPORTATION alDEWALK RESTORATION IMPROVEMENTS
SERVICE
$125K $3M $100K $325K
MARKETING & PLAYHOUSE GATEWAY ENHANCED
BUSINESS SUPPORT PARKING GARAGE FEATURES LANDSCAPING
COCONUT GROVE
BUSINESS IMPROVEMENT DISTRICT
AREAS OF FOCUS OVER THE NEXT DECADE
Maintain the LEVEL OF SERVICE that residents, businesses
and property owners have come to expect
Launch new BIf WEBSITE AND MOBILE APP with real-time
parking & business information
Conduct a BUSINESS DEMOGRAPHICS SURVEY to gain
insight into our business base
Advocate for the PLAYHOUSE RENOVATION and ensure the
reopening has a positive impact on Grove businesses
Push for CREATIVE TRANSPORTATION SOLUTIONS
as daytime population grows
Maintain and protect the Grove's STORIED TREE CANOPY
while advancing sustainability efforts
ENHANCE THE WALKABILITY of the District with new
sidewalks, crosswalks and streetscape projects
SUBSIDIZE City of Miami capital projects that are a priority
tor the District