Each of the previous actions was the result of petition drives by the property owners. Over the years, the Downtown PID has successfully supported HDPA’s mission to promote Downtown Businesses and attract visitors. They accomplished this by holding successful yearly events, monthly wine walks, and a very active social media campaign.
The term of the current PID is coming to an end. After consulting with the City’s PID consultants, the current PID Management Committee determined that establishing a new PID, rather than renewing the existing PID, would better serve their needs.
A petition, included with the attached resolution, was circulated outlining the parameters of the new PID. The petition also reiterates that the levied funds would be used in a manner similar to the existing PID.
This action calls a public hearing to discuss the creation of a new public improvement district in Downtown Plano. Details of the district's creation will be discussed at the public hearing in January.