Frequently Asked Questions
What is a BID?
A Business Improvement District (BID) is a public/private partnership in which property and business owners elect to make a collective contribution to the maintenance, development and promotion of a commercial district. There are many BIDs throughout the Washington Metropolitan Area and across the country.
Why Form a BID?
The purpose of a BID is to improve conditions for business in a specific area, attract and retain businesses, generate jobs and improve the quality of life for those who use the district. A BID enables stakeholders to decide which services to provide to meet the district's unique needs.
How is a BID Funded?
BID programs and services are underwritten by a special assessment collected from property owners in the defined boundaries of the district. The assessment is levied on the property-owners, who may pass it on to their tenants, if their lease contains such a provision.
How big is the Crystal City BID boundary?
The Crystal City BID boundary covers approximately 250 acres (click here for aerial map).
Crystal City Stats
- Residential units: 7,777
- Estimated average household income is $98,774
- Estimated corporations and organizations that call Crystal City home: 350
- Office space: 11,000,000 square feet
- Retail space: 1,000,000 square feet
- Parking spaces: 13,000, of which 4,500 spaces are free when arriving after 4:00pm on weekdays and all day on holidays and weekends.
- Hotel rooms: 5,224
- Passengers traveling through Ronald Reagan Washington National Airport: 19.6 million
- Easy access to Ronald Reagan Washington National Airport, Virginia Railway Express, bike paths, the District of Columbia, etc.