FORT PIERRE, (KCCR) — Could Fort Pierre follow Pierre in establishing a Business Improvement District within a Business Improvement District? It was the essence of an informational special meeting held by the Fort Pierre City Council Friday. Financial Advisory Toby Morris says BIDs are a popular way cities incentivize a developer’s risk in investing capital in community…
Council members like Greg Kenzy questioned Morris on how the collected money could be utilized by the entity…
Most of the Council seemed favorable to further discussions on a secondary BID District…
The Council took no action to move a BID forward, but was favorable to letting Fort Pierre Development Corporation Director Dave Bondy know they would support a secondary BID request.
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