2/3 of downtown business property owners have opted out of the BID. The BID projected that there would be only a 30% opt out, when in reality it was about 66%, and that the BID would collect about $700,000 in fees from the business community--in reality, the number won't exceed $300,000 of which about half will be eaten up by operating and administrative fees.
So, either litigation will shut down the BID or they will stumble along on an inadequate budget---either way, the end of the opt out period signals a victory for a socially conscious Northampton.
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Let's make sure that these numbers are accurate--Yacuzzo and the Gazette seem to be spinning other figures.
ReplyDeleteI got them from several reputable sources, including the litigants. Yup, the other figures are lies.
ReplyDeleteIn fact, I challenge Yacuzo & co. to show us their figures documented.
ReplyDeleteAt the risk of sounding didactic, cite your sources--being informative from the outset is the best way to nip any potential doubt in the bud.
ReplyDeleteshow us the math.
ReplyDelete