What is the BID?
Commercial and nonprofit landowners in the district will pay an annual assessment of 9 cents per square foot, of either the lot or building size, whichever is greater, plus $4.95 per linear foot of lot frontage. Residential property owners with townhouses or condominiums would pay a flat annual fee of $150 per unit.
UPDATE: After months of debate, the Chattanooga City Council approved a controversial Business Improvement District in central Chattanooga.
The Chattanooga City Council will cast its final vote Tuesday on the second attempt this summer to form a controversial Business Improvement District.
Follow along with our reporter Sarah Grace Taylor as she live tweets the city council meeting: