Campbell River Council has renewed its agreement with the Downtown Business Improvement area for another five years.
With that, expanded BIA bounders to include more businesses on 11th Avenue, from Cedar Street to Dogwood Street.
The Downtown BIA’s budget in 2024 was $85,277. Under the renewed bylaw, the budget will increase year-over-year, from $103,430 in 2025 to $116,461 in 2029.
All the money granted for the Downtown BIA’s budget under the renewed bylaw will be collected from property owners within the BIA; it is not funded through taxation.
The Downtown BIA will pay the City a one-time setup fee of $5 per parcel and an annual administration fee of two per cent of the amount granted for its budget each year.
Once the City notifies property owners within the new boundary, they’ll have 30 days to petition against the initiative.
It would be defeated if the City receives a petition against the initiative that includes 50% of the property owner.
For more information, visit City of Campbell River.