The UK's First Business Improvement District
17 November 2004 - 2:00pm
After more than a decade of study, the first Business Improvement District is approved in the United Kingdom; safety, environment, promotion and transport are priorities.
"Kingston business people became the first in the UK to agree to pay more tax, based on the promise that the extra money will be used to improve the town's shopping centre.
From 1 January, 2005, the town will now be home to the UK's first Business Improvement District (BID), setting the scene for similar polls across the country. "
Full Story:
Kingston Vote May Set Business Agenda
Source:
BBC News, October 25, 2005
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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