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Posted at 1:05 PM ET, 12/11/2010

Ballston BID approved

By Christy Goodman

The Arlington County Board on Saturday unanimously approved the creation of a Ballston Business Improvement District.

The business improvement district, including 119 commercial properties, will take effect Jan. 1 and would raise more than $1 million to enhance the commercial area by adding 4.5 cents to a Ballston commercial property real estate rate. The tax increase would be approved in the spring during the regular fiscal 2012 budget process.

BID organizers said they would like to promote the area as a science and technology hub, featuring the National Science Foundation, a new research center for Virginia Tech as well as several federal and defense contractors. Supporters said they must work to keep Ballston competitive as the economy rebounds and other office space is offered throughout the metropolitan area.

About half of the commercial property owners supported the measure with 15 percent opposing it. The remaining commercial properties did not respond to a petition about the district.

The BID's tax rate and budget must be approved annually as part of the county's budget process, with a full review conducted after five years.

By Christy Goodman  | December 11, 2010; 1:05 PM ET
Categories:  Virginia  
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