Looking at all there is to do to get an Improvement District off the ground, the Price Business Improvement Committee met on December 13.

Subcommittees made up of various business people, government officials and others have been formed. Those subcommittees consist of the Ambassadors Committee (which will gather information and inform business owners of what is going on), the budget committee (determine the costs of  what may be done and where the money could come from), the Project Committee (determines the projects, where they will be done and how they will be done) and the Activities and the Events Committee (comes up with events that will work with the ideas the committee has for the area).

All the subcommittees reported on their activities with the projects sub-committee taking up good deal of the meeting with an analysis on what needs to be physically done in the central part of the downtown district to make it a more attractive and alluring place for people to shop and spend time.

Some of the items included in their report included wider sidewalks, signage improvements, the possibility of building a community plaza, art installations in public areas and upgraded street lighting. Also included in their report was the benefits of each of the improvements if they were to come to fruition. One of the main points of the committees report was that all projects must have community support before they could planned.

The budget committee spent a considerable amount of time discussing and analyzing potential BID funding mechanisms including assessments to properties included in the potential BID as well as possible re-establishment of a tax increment district in the downtown Price area.

With only a few meetings under their belt the entire committee is still feeling its way to find ways to not only improve the downtown area but also to find ways to pay for those improvements. An analysis that was put together shows that there may be many ways to finance the projects, but the speed with which the projects could come on line could be hindered based on their costs.

In other matters the committee also looked at a plat of the downtown and discussed what the time lines on doing projects would be for various parts of the area.

The committee will continue to meet monthly and work on the plans and ideas.