The following was written by Doug Peterson a major downtown property owner and RGF board member.
For over a year now, proponents of a so-called “Business Improvement District” (BID) have engaged in a disingenuous campaign trying to enact a Downtown BID that breaks New Mexico law, runs contrary to experience and ignores the opposition of Downtown property owners. I own 74 properties in Downtown Albuquerque and write today to point out several misrepresentations and errors in the proposed BID and expose it as simply another layer of tax sought by local government.
The BID proponents sent a letter dated June 3rd to Downtown property owners. It outlines a “plan” that violates the State of New Mexico Business Improvement District Act [3-63-1 to 3-63-16] (the “Act”) in four ways…