The Los Angeles City Council has approved the establishment of the Greater Leimert Park Village / Crenshaw Corridor Business Improvement District (BID) following a public ballot tabulation showing majority support from property owners. The BID will levy assessments on properties within its boundaries to fund activities such as clean and safe programs, beautification, and marketing efforts to improve the business environment in the area. The district will operate for a ten-year term beginning January 1, 2025, and ending December 31, 2034, with a total estimated assessment of $8,566,198 over the period.
The creation of the BID is significant for local economic development, as it aims to enhance the business environment and attract more visitors and customers to the Greater Leimert Park Village and Crenshaw Corridor. The assessments will fund vital services that will benefit property owners and businesses, fostering a safer and more vibrant community.