SID to put DTI in ’mothballs’Written by Scott McKimmy | | email@example.com
The Special Improvement District (SID) begins its development projects this month, providing enhanced services for businesses operating in area roughly bordered by the Maumee River, Cherry Street, 10th Street and Washington Street.
The SID board of directors, composed of representatives from businesses within the district, will oversee projects to spur Downtown economic development such as a secure environment, increased commercial occupancy and a positive image of the district. SID assumes the role previously served by Downtown Toledo Inc. (DTI), a private group formed in 1992.
Peter Gozza, DTI president and CEO, said SID resolves issues regarding assessments imposed by the city on business owners who felt they had no say in the investments made toward economic development. Assessments are incurred based on the front footage of properties within the district.
”What’s really nice about this though is that the people who are contributing the money, the property owners, are responsible for the expenditure of those dollars,” he said. ”The money goes directly back to them. Now they are in control of their own destiny.”
Gozza said DTI has served its purpose and will bow out to allow SID to continue the vision of Downtown economic development. DTI began forming SID in 2000, when Gozza was hired to implement a new organization dedicated to revitalization. He said he will move on to other endeavors.
”It brought the community together, it developed the strategy, raised the funds to move the organization forward, created the district that would move it forward,” Gozza continued. ”Now it’s time for us to put DTI in mothballs and let DT improvement district take over.”