The Wynwood Arts District Association has been legally operating since 2009 for the well-being and improvement of the Wynwood Arts District – one of the largest and most prominent Art communities in the United States. Taking over what used to be the warehouse and manufacturing district of Miami, developers have rehabilitated neglected warehouses, shuttered factories, and other unused buildings transforming them into the numerous galleries, restaurants, artists studios, cafes, bars, and residences that are seen here today. With the introduction of the Second Saturday Art Walk in the District and the arrival of the Art Basel fair in 2002, Wynwood has seen some unexpected growth in a relatively short period of time as it gets more and more attention by the locals as the go-to place for an alternative and more cultural nightlife in the City of Miami. The endorsement and vision of some prominent figures in the art world deciding to explore the potential of the district and setting up shop in Wynwood has also influenced the success and recognition of the District among the international art elite. More and more, we see international and acclaimed art collectors, curators, and artists, express their serious interest in our still young, but very driven community. In December, Wynwood receives a tremendous amount of traffic and exposure as it becomes a destination of its own with both, local and international art connoisseurs. Though the influence and relevance of the arts community in Wynwood is undeniable, new businesses of all types are opening their doors in the District and encountering success here. With this in mind, Wynwood has to provide the pedestrian and infrastructural improvements needed to attract and host the traffic on its streets and sidewalks – whether it is pedestrian, bicycle, or vehicular traffic – in order to enhance the experience of the visitor.
But what exactly is the BID? How do local businesses benefit from this?
The BID (Business Improvement District) is a designated area in which the commercial property owners decide to collectively raise their own taxes by a small percentage in order to fund improvements within the district’s boundaries. In the state of Florida, communities who are seeking to become a Business Improvement District have to do so by holding a ballot election. If the BID goes through, then 100% of the money which the commercial property owners assess themselves goes directly into improvements in the District. The BID is an excellent initiative to ensure the continued growth and enhancement of our community, while at the same time helping its individual businesses thrive. As the District is better able to accommodate its visitors, it is only natural that Wynwood becomes a magnet of its own within the urban core of the city. As more pedestrians visit our growing district and walk our streets, more opportunities to engage in business by the local commerce arise.