Second hearing on Chinatown B.I.D.

More than 100 people presented testimonies for and against the proposed Business Improvement District in Chinatown at a second hearing held at the Emigrant Savings Bank in the Financial District last Wed., Sept. 7.

Last week’s four-hour-long hearing was convened due to a shortage of space at the May 26 hearing, at which dozens of Chinatown property owners, tenants and business owners were not allowed in.

At last week’s hearing, staff from the city’s Department of Small Business Services discussed how B.I.D.’s work, followed by speeches by testifiers from both sides of the debate, according to Council Member Margaret Chin’s office. The City Council’s Finance Committee is expected to vote on the B.I.D. before the month’s end, after which it will undergo a full City Council vote before it is signed into law by the Mayor.