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The Benefits of Business Improvement Districts: Evidence from New York City

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Publication Date: July 2007

Publisher(s): Furman Center for Real Estate

Author(s): Furman Center for Real Estate and Urban Policy

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Social conditions (Urban conditions)

Keywords: business improvement districts; economic development; property values; Community and Economic Development

Type: Policy Brief

Abstract:

This study is the first large-scale study of the impact of Business Improvement Districts on commercial property values. The report explores what these findings mean and how they can be used to better understand the role these organizations play in local economic development.