Re: Holiday lighting project in the Automobile Alley district
The reason Automobile Alley is able to do this, pure and simple, is due to the intentional BID over-assessment they levied on themselves 10 years ago, which creates discretionary money for projects like this. No other district had the foresight at the time or the flexibility to do it. Bricktown in particular was dealing with sticker-shock from their base BID assessment and the canal-area special assessment, which were both based on soaring property values that no other district was experiencing. I think when you see the BID renewed shortly, other districts will have learned from Automobile Alley's special projects over-assessment success, and perhaps they will create more discretionary funds in the future for projects like the great ones that AA has done through the years.
Unfortunately, the rules have changed, and the districts are not allowed to carry funds over from one year to the next, so you'll not see the dramatic impact that a couple of years' worth of funds saved and spent at one time might otherwise have.
But yeah, that is a district-wide project funded organizationally rather than a project of individual property owners or merchants, and that makes a huge difference.
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