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The Newark Downtown District (NDD) Newark's Special
Improvement District (SID) of the central business area was established
by an ordinance passed in September 1998 by the Newark Municipal Council.
The NDD is a 501 (c)(3) non-profit organization.
The NDD is dedicated to revitalizing Downtown Newark by improving the
economic viability of the central business district and enhancing the
quality of life for residents, workers, students and visitors through supplemental
services, marketing and physical improvement programs.
The NDD is funded through a special assessment on nearly 600 district
commercial properties billed and collected by the City's tax collection
department and turned over to the NDD for operation management. The
assessment is roughly 5% of the commercial tax bill. Residential properties
are exempt.
The NDD's boundaries extend from Central Avenue and Broad Street at
the north, heading south down to Branford/Edison at Broad Street; University
Avenue to the west (running between Central and Branford) and moving east
just behind Penn Station.
The NDD is overseen by a fifteen (15) member Board of Trustees that
meet once a month.
The NDD Board consists of business and property owners within the District,
representatives of non-profit organizations, as well as municipal officials
and staff.
http://www.downtownnewark.com |
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