{"id":4681,"date":"2024-07-02T21:51:21","date_gmt":"2024-07-02T21:51:21","guid":{"rendered":"https:\/\/loopchicagodev.wpenginepowered.com\/the-magnificent-mile-association-and-chicago-loop-alliance-celebrate-the-signing-of-illinois-bid-legislation\/"},"modified":"2026-05-27T03:52:23","modified_gmt":"2026-05-27T03:52:23","slug":"the-magnificent-mile-association-and-chicago-loop-alliance-celebrate-the-signing-of-illinois-bid-legislation","status":"publish","type":"post","link":"https:\/\/loopchicago.com\/es\/chicago-loop-blog\/the-magnificent-mile-association-and-chicago-loop-alliance-celebrate-the-signing-of-illinois-bid-legislation\/","title":{"rendered":"The Magnificent Mile Association and Chicago Loop Alliance celebrate the signing of Illinois BID Legislation"},"content":{"rendered":"<p class=\"loop-intro wp-block-paragraph\">2 MIN READ &#8212; The Magnificent Mile\u00ae Association and <a href=\"https:\/\/loopchicago.com\/es\/\">Chicago Loop Alliance (CLA)<\/a> are thrilled to announce that Illinois Governor JB Pritzker recently signed Senate Bill 3679 into law. This landmark legislation paves the way for the creation of <a href=\"https:\/\/loopchicago.com\/es\/in-the-loop\/how-could-business-improvement-districts-affect-illinois-and-chicago\/\">Business Improvement Districts (BIDs)<\/a> throughout the state.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">\u201cI am very proud to have signed SB 3679, a major win for economic development and community engagement,\u201d said Governor JB Pritzker. \u201cThis bill will ensure that The Magnificent Mile \u2013 and districts just like it that anchor communities across the state \u2013 remain active and thriving so businesses, locals, and visitors can share in their prosperity.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-large loop-image\"><img decoding=\"async\" src=\"https:\/\/loopchicago.com\/wp-content\/uploads\/2026\/05\/6__ResizedImageWzEzMjAsODgwXQ.30.23-Spring-Loop-Shots-36-credit-Scott-Teresi.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\"><strong>BIDs: Empowering Businesses to Shape Their Communities<\/strong><\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">BIDs are defined geographic areas where property owners contribute funds through a special assessment. This investment directly benefits the district by providing enhanced services beyond what local government typically offers. BIDs are a powerful tool for businesses to take a proactive role in shaping their local environment.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">BIDs can provide a variety of benefits, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enhanced security and cleaning<\/li>\n<li>Marketing and promotional campaigns<\/li>\n<li>Streetscape improvements like planters and lighting<\/li>\n<li>Organization of district events and festivals<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large loop-image\"><img decoding=\"async\" src=\"https:\/\/loopchicago.com\/wp-content\/uploads\/2026\/05\/02__ResizedImageWzEzMjAsODgwXQ.08.21-Winter-in-the-Loop-13-credit-Adam-Alexander.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\"><strong>Collaboration Leads to Success<\/strong><\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">The passage of Senate Bill 3679 represents the culmination of a collaborative effort spearheaded by The Magnificent Mile Association and Chicago Loop Alliance.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">&#8220;We are incredibly grateful to Governor Pritzker for supporting BIDs in Illinois, and for State Senator Sara Feigenholtz and State Representative Kam Buckner for their leadership in sponsoring this critical legislation,&#8221; said Kimberly Bares, President &amp; CEO of The Magnificent Mile Association. &#8220;We also extend our thanks to the co-sponsors, industry partners, including the Building Owners and Managers Association (BOMA), the Chicagoland Chamber of Commerce, the Illinois Retail Merchant Association (IRMA), and all those who championed the legislation throughout the process.&#8221;<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\"><strong>A Brighter Future for Illinois<\/strong><\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">\u201cBusiness Improvement Districts will help Chicago neighborhoods reach new heights through a more flexible and efficient model, delivering improvements and services that benefit everyone, fostering economic vitality and community engagement,\u201d said Michael Edwards, President &amp; CEO of <a href=\"https:\/\/loopchicago.com\/es\/\">Chicago Loop Alliance<\/a>. \u201cThis pivotal achievement is a testament to the collaborative effort of engaged local businesses, associations, government officials, property owners and residents.\u201d<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">With the signing of Senate Bill 3679, Illinois businesses now have a powerful new tool to revitalize their communities and drive economic growth. The Magnificent Mile Association and CLA are proud to have played a key role in securing this important victory.<\/p>","protected":false},"excerpt":{"rendered":"<p>2 MIN READ &#8212; The Magnificent Mile\u00ae Association and Chicago Loop Alliance (CLA) are thrilled to announce that Illinois Governor JB Pritzker recently signed Senate Bill 3679 into law. This landmark legislation paves the way for the creation of Business Improvement Districts (BIDs) throughout the state.<\/p>","protected":false},"author":7,"featured_media":3464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58,87],"tags":[14,64,65,55,20],"class_list":["post-4681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loop-news","category-stay","tag-cultural-institutions","tag-economic-data","tag-events","tag-get-around","tag-live-entertainment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Magnificent Mile Association and Chicago Loop Alliance celebrate the signing of Illinois BID Legislation - Loop Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/loopchicago.com\/es\/chicago-loop-blog\/the-magnificent-mile-association-and-chicago-loop-alliance-celebrate-the-signing-of-illinois-bid-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Magnificent Mile Association and Chicago Loop Alliance celebrate the signing of Illinois BID Legislation - Loop Chicago\" \/>\n<meta property=\"og:description\" content=\"2 MIN READ -- The Magnificent Mile\u00ae Association and Chicago Loop Alliance (CLA) are thrilled to announce that Illinois Governor JB Pritzker recently signed Senate Bill 3679 into law. 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