Downtown Spokane tenant rates have not adjusted to inflation in our 23 years; causing a 60% decline against the value of the dollar since 1995. This has been intentional in order to keep the cost to ratepayers as low as possible, however rising costs in recent years make this model unsustainable. When combined with the spike in minimum wage and Sick and Safe Leave costs, we can foresee potential layoffs in Clean Team and Security Ambassadors as soon as next year; and yet the demand for their services is steadily increasing. The impact to the BID budget by 2020 will be over $90,000 annually, due to the minimum wage initiative alone.
Early this year the BID’s contract manager, the Downtown Spokane Partnership (DSP), initiated an independent outside audit/review of BID rates in partnership with the City to ensure rates are competitive, fair and equitable. This marks the third such review since 1995. As a result of the review, the City Council is considering changes to assessment methodology which may moderately impact your 2019 assessment.
Please join us for a presentation of those outcomes and to take your questions about our services.
The meeting dates and times are as follows: All meetings are at the Looff Carousel in Downtown at Riverfront Park. November 1st at 2:00pm | November 7th at 5:00pm | November 8th at 2:00pm
- Business Improvement District Overview
- Proposed Assessment Changes
- Q and A