The BID for Westwood and the Hotel Blending
No, not the kind of bid you see at auctions. BID stands for Business Improvement District. Under state law, businesses (property owners) in particular areas can form a BID and assess themselves for upgrading their neighborhoods. In theory, the upgrading improves the business climate and property values. There are many BIDs in the LA area. Westwood at one time had a BID but it disappeared some years ago in a financial scandal. However, a new one has formed and is reporting progress. Still, if you walk up Westwood Boulevard towards the campus, you see many empty stores for lease. There…
