Detailed description
- BIDs are a concept from the USA to make limited business areas (Business Improvement Districts) more attractive.
- The initiative comes from the business people based there, who carry out measures to upgrade the district on their own initiative for a maximum of five years.
- BIDs are funded by a municipal levy paid by all landowners in the area.
- On January 1, 2005, the Free and Hanseatic City of Hamburg introduced the Business Improvement Districts (BID) model with the Act to Strengthen Retail and Service Centers (GSED).
- In the summer of 2005, the BID Sachsentor, the first BID in Germany, and the BID Neuer Wall were set up.
- In addition, ten other BIDs were officially set up: the BID Wandsbek Markt, the BID Lüneburger Straße, the BID Alte Holstenstraße, the BID Hohe Bleichen, the BID Sachsentor II, the OXBID (BID Ochsenzoll), the BID Neuer Wall II, the BID Tibarg , the BID Opernboulevard and the BID Passagenviertel.
- In addition, numerous other BID initiatives are in the pipeline.
- The BID Sachsentor and the BID Neuer Wall have already been completed.
- The total investment for the twelve established BIDs is over 25 million euros. If the BIDs that are currently being prepared (Nikolai-Quartier, Mönckebergstraße, St. Pauli, Osterstraße) are set up as previously planned, the investment sum will increase by around EUR 13 million to around EUR 38.8 million, which will be exclusively financed by Landowners have been applied or are to be applied for the upgrading of their street or their center.
- About half of this is invested in infrastructure measures (construction measures in public spaces, lighting, planting and furniture in public spaces).