Vision
Hollywood Media District FormationIn January of 2000, after two years of community organizing, The Hollywood Media District (HMD) formed a property-based Business Improvement District comprised of 220 commercial property owners. The BID renewed in 2005 for another 10 years! In addition to renewing, the BID expanded to the West, to the border of West Hollywood (approximately LaBrea Avenue.) Many parcels were picked up on the east boundary of the BID as well, bringing the total to over 300 commercial property owners.
Each property owner within the district pays a proportional share of the annual budget based on the gross building square footage and lot size. Currently the HMD has an annual budget of $1,030,021 per year and is established for a 10 year term with a review after 5 years. Funds are collected through the City of Los Angeles County Assessors Office.
Total lot square footage: 4,600,000
Gross building square footage: 2,900,000
The Hollywood Media District has one operations coordinator, a Management Consultant, and a 17 member Board of Directors.
The guidelines for the budget expenditures were determined in advance of the district's establishment, and drafted into a district plan. The HMD has committed 60% of its fund to Public Safety Patrols, 20% to Maintenance Teams, 5% to Community Improvements, 10.6% to Program Administration, 2.4% to BID Reserve/Contingency, and 2% to the City Collection Fee.
Mission
The mission of the Hollywood Media District is to enhance the security, cleanliness, beautification and commercial desirability of the area.
In doing such, our hope is that:
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Goals
Create a District Identity
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Improve Transit Related Infrastructure
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Increase Safety
