VisionHollywood Media District Formation
In 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 10 years, and again in 2015 for another 10 years. In addition to renewing, the BID has expanded its boundaries.
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 approximately one million dollars per year and will require another renewal in 2025. Funds are collected through the City of Los Angeles County Assessors Office.
The Hollywood Media District has an Executive Director, an Operations Manager, 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.
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:
Create a District Identity
Improve Transit Related Infrastructure