SUPPORTS ITEM NO. 1 CS&B COMMITTEE AGENDA FEBRUARY 29, 1996 ADMINISTRATIVE REPORT Date: February 14, 1996 TO: Standing Committee on City Services and Budgets FROM: Director of City Plans SUBJECT: BIA Grant Request - Theatre Row Business Association RECOMMENDATION A. THAT Council apply on behalf of the Theatre Row Business Association to the Ministry of Municipal Affairs for a BIA Start-up Grant of $5,000. B. THAT, upon confirmation by the Ministry of Municipal Affairs that a $5,000 grant will be provided, Council advance $5,000 to the Theatre Row Business Association, to be recovered from the provincial grant. MANAGER'S COMMENTS The General Manager of Community Services RECOMMENDS approval of A and B. COUNCIL POLICY Since 1990, Council has forwarded BIA Start-up grant requests to the Ministry of Municipal Affairs, which provides $5,000 for this purpose. To date, the City has not advanced funds to a business association, which has received ministerial confirmation of a provincial BIA Start- up Grant, but is waiting for the funds. On July 30, 1992, Council approved the process of establishing a BIA as described in the attached Appendix A. BACKGROUND ON BIA GRANTS In 1990, the Ministry of Municipal Affairs began providing BIA Start- up Grants. Originally these grants subsidized 50% of start up costs, up to a maximum of $10,000. A number of Vancouver business associations have received provincial BIA start-up grants, i.e., Kerrisdale $3,000, Robson $5,000, Yaletown $5,000, Chinatown $10,000. In 1995 the maximum available from Municipal Affairs for a BIA start- up grant was reduced from $10,000 to $5,000. BACKGROUND ON EXISTING BIAs ON THE DOWNTOWN PENINSULA Currently, there are three BIAs on the downtown peninsula. These include the Downtown Vancouver BIA, the Robson Street BIA, and the Gastown BIA. Two of these BIAs, Downtown and Robson Street, have been considering expansions to their boundaries. In addition to the existing BIAs, the business associations in Yaletown and Chinatown have been approved by Council as BIA Sponsors in their commercial neighbourhoods. A map showing the existing BIAs, their proposed expansions, and the two areas where BIA Sponsors have been approved, is attached as Appendix B. PROPOSAL BY THE THEATRE ROW BUSINESS ASSOCIATION The Theatre Row Business Association (TRBA) formed as a society in 1993. The Association's thirty-five members are business and property owners located on Granville Street in Downtown South. The proposed BIA boundaries for what the TRBA refers to as "The Entertainment District" are described in Appendix C. These boundaries extend beyond the TRBA's current geographic area. The Association's intention is to develop a coordinated effort to market the area as an entertainment district, an important gateway to downtown Vancouver, and a commercial neighbourhood serving the surrounding residential area. The TRBA has requested that Council apply to the Ministry of Municipal Affairs, on its behalf, for a $5,000 BIA start-up grant. The Association has also requested that Council advance the $5,000 to the Board, once ministerial approval has been secured. The Association's letter is attached as Appendix D. The TRBA would like to use the start up funds to solidify its current support and to explore the support of the business community in the larger area outlined in Appendix C. TRBA members have invested many hours of their time and have contributed $6,000 towards the cost of a coordinator, who began work in October of 1995. The City has invested considerable resources into supporting the revitalization of Granville, as evidenced by the establish-ment of a community police office (with the support of area businesses and residents), and the provision of $55,000 for revitalization studies. Staff support the effort to initiate a BIA. Granville is in need of revitalization and the time seems opportune, given the recent cultural and entertainment development in the area and the growth of the nearby residential population. Consequently, staff support the TRBA's request to Council to apply for a Provincial BIA Start-up Grant. Because the provincial government often takes several months to forward BIA start up funds, staff support the TRBA's request that Council advance the amount of the provincial grant, after ministerial approval has been secured. While an advance of these funds goes beyond current BIA policy, it would help sustain the momentum created by the TRBA. * * * * *