PRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTS

Act 120 of 1961

AN ACT to authorize the development or redevelopment of principal shopping districts and business improvement districts; to permit the creation of certain boards; to provide for the operation of principal shopping districts and business improvement districts; to provide for the creation, operation, and dissolution of business improvement zones; and to authorize the collection of revenue and the bonding of certain local governmental units for the development or redevelopment projects.

http://legislature.mi.gov/doc.aspx?mcl-act-120-of-1961

Through the provisions of Public Act 120 of 1961, cities, villages, and urban townships may create a Business Improvement District (bid) or a Principal Shopping District (psd) to promote economic development within a defined area of the municipality. [1]

In the area, Ann Arbor Main Street merchants have approved a BIZ.