The City of Downey has been communicating a plan for a new “Community Benefit District” for Downtown Downey. We are now ready to initiate the final phase of this effort. The Community Benefit District’s purpose will be to increase commerce, increase property values, attract new businesses and development, and manage all aspects of Downtown Downey.
The Community Benefit District is a property assessment district that will provide the downtown property owners with independent, property owner-controlled finances to better control and fund special events, marketing, promotional activities, public space development, security, maintenance and beautification, property enhancements, and the creation of a new property owner-controlled non-profit corporation to spend and manage these funds.
The Community Benefit District will raise at least $253,589 annually.
Please see the map link on this page to see the boundaries of the Community Benefit District; in addition to the other information regarding the proposed Community Benefit District.
For more information please contact Jessica J. Flores, Economic Development and Housing Manager at 562-904-7161 or email@example.com.