Public Improvement Districts (PID) serve as economic stimulators that help revitalize an area, and continue the momentum gained through economic investment. Within the Downtown Plano PID, it is another way to carryout special events and festivals, and improve landscaping and beautification efforts within public spaces.
The Plano City Council established the Downtown Plano PID in 2014. It was created to help increase public improvements and expand opportunities attracting people to Downtown. Beautification projects on 15th Street; special events occurring throughout the year like SteinFest, Plano ArtFest, Plano Art & Wine Walk, Night Out on 15th and the Movies in the Park series; and advertising and marketing that promote Downtown are all made possible by the PID assessment.
Downtown PID goals are consistent with downtown revitalization efforts:
Facilitate opportunities for thoughtful engagement among property and business owners;
Draw attention to the Downtown Plano Arts District;
Increase revenue for Downtown businesses; and,
Support the arts with programming and financial assistance.
In November 2017, City Council voted to renew the Downtown Plano PID for an additional five years. Continued PID support provides the additional resources needed to stimulate greater business and residential activity, and encourage a thriving downtown.