PROPERTY OWNERS GET BANG FOR THEIR BUCK WHEN IT COMES TO AREA SERVICES
Perhaps there is no more vital function for a business improvement district than providing direct services to its members, and when it comes to delivering those kinds of services, Gateway Los Angeles is putting its money where its mouth is. The Gateway PBID dedicated approximately 47% of its $1.071-million budget to fund direct services to its members, including security, ambassador services, graffiti removal, tree-trimming and maintenance. In addition, 12% of Gateway’s annual budget focused on marketing the area to the local community and to visitors from around the world. The remaining portion of the 2018 budget went to administrative costs (15%), consulting (13%) and office and insurance expenses (13%).