Gerren Price, President and CEO of the DowntownDC Business Improvement District (BID), recently presented a comprehensive overview of the 2024 fiscal year at the DowntownDC BID’s Annual Board of Directors and Membership Meeting. Highlighting key initiatives and partnerships, Price emphasized the impact of several major programs that have contributed to the vibrancy of Downtown D.C.
“Reflecting on this year, it’s amazing to see the progress we’ve made in revitalizing Downtown D.C. We’ve supported major investments, are improving public safety and hospitality, and brought our parks and public spaces to life,” Price remarked. “Our collaborative efforts with stakeholders have been crucial in transforming Downtown D.C. into a premier destination. I’m incredibly proud of our dedication and the strong partnerships we’ve built to shape a vibrant future for downtown.”
Key Highlights from the 2024 Fiscal Year
Renewal Plan: A comprehensive strategic plan comprising five key initiatives to rebrand DowntownDC, drive major investments, elevate Gallery Place, enhance urban parks, and address homelessness through direct leadership.
Downtown Action Plan: A strategic initiative in collaboration with the Golden Triangle BID and Federal City Council designed to enhance economic development and urban planning across Downtown D.C., ensuring the area remains a dynamic and attractive destination for businesses, residents, and visitors.
Gallery Place-Chinatown Task Force: This task force was launched to address pressing issues in the Gallery Place-Chinatown area, focusing on safety, cleanliness, and economic revitalization.
Penn Quarter-Chinatown Safety Team: This dedicated team was stablished to enhance public safety and foster a welcoming environment in the Penn Quarter-Chinatown area.
Monumental Sports & Entertainment’s (MSE) Relocation Announcement: A timeline of major events includes the announcement of the Washington Wizards and Capitals’ relocation plans, the BID’s support for a $500 million city investment in Capital One Arena, and MSE’s commitment to keep both teams at the arena through 2050, backed by a $515 million renovation package.
Parks and Plazas: Investments in Chinatown Park have enhanced the community experience, providing vibrant events and public art activations.
State of Downtown Forum and Publication: An annual event and accompanying publication that offers valuable conversations and insights into the economic security and development of Downtown D.C.
Homeless Services: Ongoing efforts to provide support and services to the homeless population, demonstrating BID’s commitment to social responsibility.
Events and Strategic Partnerships: Produced 11 major BID events that bolstered community engagement and partnerships. This year brings the return of Kids World for the second year; a two-day kid-centric event.
DowntownDC BID Website and Rebrand: The BID’s website was revamped to feature a more dynamic homepage with news, events, a navigation map, and live social media feed, while Gensler, a global design firm, was selected to lead a comprehensive brand refresh expected to be completed by October.
DowntownDC Holiday Market: Celebrating its 20th anniversary with a new operator, the market will run from November 22 to December 23 on F Street between 7th and 9th streets.
DowntownDC Foundation: The philanthropic leg of the BID, providing homeless services, revitalizing parks, and enhancing public spaces in downtown. The Foundation released its Fiscal Year 2023 Impact Report, highlighting growth, new initiatives, and transformative partnerships
Board of Directors Approves FY25 Budget and New Slate of Board Members
During a closed voting session, the current Board of Directors approved the renewal of the Executive Committee member slate and the FY2025 budget. The Annual Meeting then welcomed BID members, comprising property owners and tenants, to participate in an open voting session. These stakeholders and board members voted to approve the current board members up for term renewals and the proposed slate of five additional board members. The meeting concluded with unanimous approval of all voting agenda items, followed by a networking session.
New Additions to the DowntownDC BID Board of Directors for FY2025
The DowntownDC BID is excited to welcome five new members to the Board of Directors for FY2025:
- Lamont Akins, Director of Governmental and External Affairs, Pepco
- Jon Davenhall, General Manager, Grand Hyatt
- Crispus Gordon, Vice President, Government Relations and Strategic Affairs, Monumental Sports and Entertainment
- Robert Hoffman, Principal, Global Fund Investment
- Kevin Tien, Owner, Moon Rabbit
These new members bring a wealth of experience and expertise that will be invaluable in driving the BID’s mission forward. The Annual Meeting and the addition of new board members mark a promising start to FY2025, as DowntownDC BID continues to foster a thriving and inclusive downtown community.
See our Facebook Album of photos from the event HERE.
###
Catch up on the latest reports:
- Downtown Action Plan: https://www.downtowndc.org/report/downtown-action-plan/
- DowntownDC BID FY2023 Annual Report: https://www.downtowndc.org/report/downtowndc-bid-annual-report-fy-2023/
- 2023 State of Downtown Report: https://www.downtowndc.org/report/2023-state-of-downtown-report/
- DowntownDC Foundation FY2023 Impact Report: https://www.downtowndc.org/report/downtowndc-foundation-fy2023-impact-report/