🎉 Exciting News for Downtown Manteca! 🎉
On June 5, 2024, Downtown Manteca property owners voted with overwhelming support to form the Downtown Manteca Community Benefit District, also known as a Property-Based Improvement District (PBID). This is a major milestone for our city, bringing dedicated resources to enhance and revitalize our historic downtown area.
The PBID is a partnership of property owners and merchants, intended to increase demand for goods and services, which in turn will help Downtown Manteca become a more vibrant, attractive place for businesses, residents, and visitors. From boosting economic growth to improving public spaces, this partnership is set to create a thriving hub for local commerce and community activities.
Key milestones in the PBID formation process:
📅 March 2024: The required threshold for signed petitions was met, showing strong community support.
📅 April 2, 2024: The City Council approved the intent to form the district.
📅 April 11, 2024: Ballots were mailed to all property owners in the district.
📅 June 4, 2024: A public hearing was held, and ballots were counted, confirming overwhelming support to form the PBID.
The PBID may use funds for:
• Civil Sidewalks: Cleaning, beautification, trash disposal, graffiti removal. 🧹🌷🚮
• District Identity & Placemaking: Marketing, branding, events, banners. 🎨🎉📢
• Administration & Management: Oversight of the downtown district by a newly established nonprofit managed by local property owners and merchants. 🏢📋💼
The PBID will have a first year budget of $184,781, which includes approximately $41,000 in assessments on City-owned parcels.
Stay tuned for more updates on Downtown Manteca! For more info visit: https://lnkd.in/g8QWeCE8
#DowntownManteca #MantecaCA #PBID #EconomicDevelopment
Senior Vice President at Grupe Huber Company
3wGrupe Huber is honored to be the new owner and looking forward to our continued partnership with the City of Manteca.