Property Owners OK East Hollywood BID

Property owners in East Hollywood voted on Tuesday to support the creation of a Business Improvement District.
By: DANIEL MILLER: Los Angeles Business Journal Online
The owners represent most of the square footage within the district. The vote took place at L.A. City Hall and sends the matter to the full council for a vote Wednesday.

The proposed district, which includes 85 property owners, needed the support of stakeholders representing 51 percent of the square footage in the area to move forward. The Hollywood Chamber of Commerce, which will assist the BID, expects the council to approve the district, paving the way for Mayor Antonio Villaraigosa to sign off on it.

“This gives us a chance to pull stakeholders together so they are talking and we can deal with issues that are important over there,” said chamber President Leron Gubler. The BID will have an annual budget of $89,000 and will mostly address maintenance issues in the area. The goal is to address the area’s “general run down appearance,” Gubler said.

The BID will provide services to the area between Vermont Avenue and Edgemont Street in East Hollywood. Major facilities in the area, including the Braille Institute and the Kaiser Permanente Hospital, support the BID.

Pending final approvals, the BID will be formed in the spring. There are three other Hollywood BIDs.