Magnolia Industrial Group Property-Based Improvement District

A PBID (Property-Based Business Improvement District) is a way for property owners to collectively fund extra services for their area. The Magnolia Industrial Group PBID aims to decrease local crime in the district.

The MIG PBID aims to support its ratepayers and decrease local crime in the district through its provision of night-time security personnel, and services including beautification and member communications.

There are 9 existing BIDs in the City of Long Beach. These BIDs have been extremely successful in the improvement of their areas. A few examples of similar-sized area BIDs include: Bixby Knolls BID, Belmont Shore BID, Zaferia BID, Fourth Street BID.

The map below outlines the proposed boundary of the MIG PBID expansion.

The BID formation process involves several steps:

• Determine proposed boundaries, activities, improvements, and budget (completed)
• Develop a Management District Plan, which includes detail on above (completed)
• Gather petitions signed by business owners who will pay more than 50% of the proposed assessments (In progress)
• The City Council then adopts a Resolution of Intention to form the district and sets a Public Hearing date
• If no majority protest is received, the City Council may approve formation

In general, the process for forming a PBID, from concept to completion, takes 18-24 months. We are in the last 12 months of the process.