I-Drive District

Description

The International Drive Master Transit & Improvement District (the “I-Drive Improvement District”) was created on November 10, 1992 as a Business Improvement District (BID) with a public-private-partnership between the I-Drive business community, Orange County Government and the City of Orlando. The BID is a geographically defined area in which services, activities and programs are paid for through a special assessment which is charged to all commercial businesses within the district boundaries in order to equitably distribute the benefits received and the costs incurred to provide specialized services over and above what is provided by local governments. The I-Drive Improvement District was created to provide services such as transportation, capital improvements, public safety, marketing, promotions, clean teams, streetscape enhancements and representation to state & local governments. This contributes to the current and future economic development of the International Drive Resort Area! The assessment funds are collected by Orange County through a special funding agreement arrangement and cannot legally be spent outside of the BID geographic boundaries. The District represents $6.1 Billion in Gross Taxable Land Value on the Orange County Tax Roll. The District area of coverage is 6,000+ acres.