BIA Expansion

Businesses Working Together to Foster a Vibrant and Connected Community

The Hyde Park BIA is pursuing an expansion of the BIA boundaries to include more businesses in Northwest London.

The decision to expand can only be made by Commercial Business and Property Owners in this catchment area.

Explore Expansion Brochure
Read our Letter to Businesses

What is a bia?

A Business Improvement Area (BIA) is an association of commercial property owners and tenants within a defined area who work in partnership with the City to create thriving, competitive, and innovative business areas that attract shoppers, diners, tourists, and new businesses.

A volunteer Board of Management, elected by its members of business and property owners within Hyde Park, runs the BIA. The Board and BIA employees set priorities, manage budgets, implement improvements, plan events, and promote the business area. Funds are raised through a levy on all commercial and industrial properties within the BIA’s boundary, based on the property’s commercial and/or industrial assessment.

What is the role of a BIA – does it directly improve businesses?

A Business Improvement Area (BIA) is an Area Improver, not just a Business Improver.

While our initiatives benefit businesses, our primary focus is enhancing the overall district—beautifying streetscapes, fostering community engagement, and creating a thriving environment for everyone.

A BIA is a collective good that supports businesses, residents, and visitors alike!

What are the benefits of joining a bia?

BIAs promote business, tourism, safety, and physical revitalization, advocating on behalf of their members as a unified voice.

As a member of Hyde Park BIA, your business has access to a variety of benefits including:

  • Advocating and lobbying on behalf of the membership as a unified voice
  • Connection to the Hyde Park BIA brand and identity
  • Participation in our signature events: PondFest, Hyde Park Santa Parade, Hyde Park Christmas Market, Uptown Market
  • Participation in other marketing and promotional programs – Hyde Park Dollars, CTV ads, Bus Shelter ads
  • Assistance in dealing with the City regarding policies, permits, maintenance, and construction
  • Access to our Social Media and mailing list
  • Public streetscape improvements including hanging baskets, median planters
  • Website Member Directory listing

What are the proposed new boundaries?

Map - Final Boundaries

what is a levy? how is it calculated?

Once the annual budget is shared with BIA members and approved by the Board and City Council, funds are raised through a levy on commercial and industrial properties within the BIA. The levy is based on the proportionate value of each property’s assessment.

Example:
If a property’s realty assessment is $100,000, the total relevant assessment in the BIA is $10,000,000, and the annual BIA budget is $40,000, then the property’s BIA levy is:($100,000 / $10,000,000) X $40,000 = $400

Note: The BIA levy is paid directly by the property owner. Tenant businesses are assumed to be paying the levy through their rent.

What is The process of joining the bia?

Expanding the boundaries of a BIA is a multi step process.

The decision to expand can only be made by Commercial Business and Property Owners in this catchment area.

See where we are in the process

Where can i find more information?

For more information on the Hyde Park BIA, the Expansion, and/or BIAs in general:

View details