What is a Special Improvement District?

A special improvement district (SID) is a defined area, generally in the central business district of a downtown (or a mixed-use corridor in a larger city) that is authorized by state law and created by an ordinance of the local government to collect a special assessment on the commercial properties and/or businesses in that area. That assessment is granted to a District Management Corporation (DMC). In Red Bank, the Red Bank RiverCenter is the DMC.