Pottstown Borough Council recently approved a request to schedule a public hearing on the establishment of a business improvement district (BID) in the downtown area. The request was made by Peggy Lee-Clark, executive director of Pottstown Area Economic Development. The BID would levy an assessment, with the money going to a nonprofit organization that is governed by the Neighborhood Improvement District Act of 2000 and a nine-member board that would include some of the property owners affected. According to Lee-Clark, business improvement districts in West Chester, Lancaster City, King of Prussia and Allentown were all examined for the benefit they brought to their areas, including increased cleanliness, public safety, tourism, property values and business sales. A public hearing date has not been announced.
Source: Pottstown Mercury; 4/18/2024