Tourism Improvement Districts Were Made for Downtowns!
Originally envisioned to mitigate the harsh impacts COVID-19, the Code of Virginia was amended in June 2021 by adding in Chapter 24 of Title 15.2 (Article 3), consisting of sections numbered 15.2-2413.1 through 15.2-2413.11. This authorized any locality to: TIDs are a hospitality-specific model of Business Improvement Districts (BID) and/or Special Assessment Districts. They can … More Tourism Improvement Districts Were Made for Downtowns!
