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SID

What is a Special Improvement District?

A Special Improvement District (SID) is a private, not-for-profit organization established under state law. A SID is a mechanism through which downtown property owners assess themselves to provide funding for extended services aimed at the economic enhancement of the area. The need for such services has arisen as traditional U.S. cities have faced competition from shopping malls, out-of-town business/shopping centers and other new business districts.

The experience of more than 1,000 existing SIDs throughout the United States has demonstrated the effectiveness of this mechanism in addressing the present economic and social challenges of urban development.

Why was the SID formed in downtown Akron?

Over the last few decades, downtown Akron suffered decline as a result of the nation-wide trend of the outflow of business and residential development from the city into suburbs and malls. The first SID was established in 2000 and was again renewed in 2005.

The Mary Means Report of 1994 sponsored by the City of Akron and Akron Tomorrow identified the need for a private, non-profit organization to work with business and government to create and maintain a vital downtown. The Report emphasized the need for private sector participation in downtown management and marketing. The city and local business leaders agreed that employing the increasingly popular and time-proven mechanism of a SID in downtown Akron will best address the unique needs of the downtown community.

Who pays for it?

The improvement activities of the SID is financed by assessment of downtown property owners.

The assessment is based on the combination of the front footage and assessed valuation of the property. This combination approach was chosen because it is fair to everyone. For example, while a parking lot may have a sizeable front footage, it is not fair to assess it the same way that a corporate headquarters with the same front footage is assessed.

What properties are included?

Assessments are levied, and all the services will be provided within the approved borders of the SID. The proposed SID encompasses a large area of downtown of about 42 blocks containing approximately 489 properties. The area is roughly bound by Ridge St. on the north, N. High St., Summit St. and the CSX railroad tracks on the east, Selle St. on the south, and W. Bowery St. and Dart Ave. on the west. To view Boundry Map click here.

Who controls the SID?

The SID is governed by a seven-member Board of Trustees. To ensure the effective collaboration of all involved and a healthy balance of interests, the Board will include five property owners and two city representatives (one designated by the Mayor, and one designated by City Council).

What kinds of programs does SID fund?

Improvement programs and services funded by the SID has been developed and provided according to the SID Services Plan approved by the Board of Trustees. The Services Plan is designed to effectively meet the unique improvement needs of downtown Akron.

Isn't that what my property taxes are already paying for?

No. SIDs are designed to boost and reinforce economic enhancement of downtown areas by providing a range of focused services customized to local needs in addition to standard municipal services.

What is the return on this investment?

The returns on this investment are high. Through the SID, the Downtown Akron Partnership concentrates on long-term development, as well as short-term goals.

• a safe, clean and secure downtown environment
• increased property values
• increased occupancy rates in downtown buildings
• ongoing, coordinated marketing programs
• larger downtown employee base—more customers
• continuity in capital projects and future development
• well-coordinated special events
• a consistent and positive image of downtown
• an organization in place to concentrate on long-term development, as well as on short-term goals.

How did the SID get established?

A petition was approved and signed by owners at least 60 percent of the total district's property front footage. It was approved by the Mayor and City Council in 2000 and 2005.

Can the SID be disbanded?

Yes. Should the SID fail to meet the expectations of downtown property owners, they can disband the District upon a request signed by owners of 50 percent of the total district's property front footage.

Who do I contact for more information?

Downtown Akron Partnership Contact Us

SID Boundry Map

The SID encompasses a large area of downtown, about 42 blocks containing approximately 489 properties.

The area is roughly bounded by Ridge St. on the north, N. High St., Summit St. and the CSX railroad tracks on the east, Selle St. on the south, and W. Bowery St. and Dart Ave. on the west.