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The Future Of Business In Bixby Knolls Depends On New Funding Stream | Long Beach Business Journal – November 18, 2019

Blair Cohn, executive director of the Bixby Knolls Business Improvement Association (BKBIA), is keeping his eye trained on what he refers to as a “flashing red light” in the distance – the 2021 sunset of an annual payment of $200,000 to the BKBIA from Long Beach’s former redevelopment agency (RDA). The organization oversees the business improvement district that encompasses the business corridors of Long Beach Boulevard and Atlantic Avenue in Bixby Knolls, and assesses an annual fee on businesses there to pay for marketing, events, security and other programs beyond those provided by the city. From these fees, the organization brings in about $180,000 each year.

In other words, when the RDA funds run out, more than half the organization’s funding will dry up. And for a lean operation staffed by just two full-time people and two part-timers, that spells trouble.

To get ahead of the issue, the Long Beach Economic Development Department paid for an independent study to assess the state of the district and provide strategic planning priorities, with a focus on future funding sources. That report, authored by Denver-based Progressive Urban Management Associations (PUMA), has been completed and was summarized in a meeting with BKBIA members on November 14. Read More >>