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Community Benefits Improvement Community Benefits Improvement <br />District (“CBID”) Why?District (“CBID”) Why? <br />•• <br />Loss of RedevelopmentLoss of Redevelopment <br />•• <br />Desire for Enhanced ServicesDesire for Enhanced Services <br />•• <br />Independent Financing MechanismIndependent Financing Mechanism <br />•• <br />Provides a long range plan to meet the Provides a long range plan to meet the <br />changing demands/needs of DTchanging demands/needs of DT <br />•• <br />Property Based assessmentProperty Based assessment <br />