The Port Dalhousie BIA is disbanding
The local Business Improvement Area is winding down and blames a lack of money and increasing financial costs.
Its budget has reportedly fallen from $100,000 to about $15,000 since 1986.
Wolfgang Guembel of Lock Street Brewing tells CKTB the BIAs are covered by the Municipal Act which he says can be "cumbersome" and making changes can be difficult.
Guembel believes that with social media and other forms of business cooperation, BIAs are "an obsolete form of organization."
He says between the liability insurance and the formal audit every year, it's a lot of money to spend.
Guembel says it's now up to the city clerk to undo the BIA.
Board members also handed in resignation notices effective Nov. 30.
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