The Capitol Hill Chamber of Commerce is hosting an informational open house regarding a proposed business improvement area expansion 6-8 p.m. Monday, March 27, at The Summit, 420 E. Pike St.
A Capitol Hill BIA is proposed to include the current Broadway BIA area, plus business corridors on 12th Avenue, 15th Avenue, 19th Avenue East, Melrose, Olive/Denny and Pike/Pine. In order to be formed, the BIA will require the approval of property owners representing 60 percent of the assessed value of the area. Petitions went out to 650 property owners representing 850 parcels within the proposed BIA Boundary following February’s State of the Hill campaign launch.
The chamber reports most small property owners are expected to contribute $2,000 to $5,000 to the Capitol Hill BIA in annual assessments.