BIA Funding - Update with New Formula - Replace 725K
The BIA will be funded through a proposed levy rate $0.54809 $1,000 of assessed value on commercial properties within the district boundaries (subject to refinement by City finance dept’). A final levy rate will be confirmed during Council approval after updated assessments are received for the 2026 taxation year. An example of how this rate will be applied: a property with an assessed value of $1,000,000 would pay a $548 levy in the first year of operations. Property owners generally pass this amount down to businesses during lease negotiations. The amount per business would depend on the percentage of leasable square footage in the building and the size and type of business involved. This will provide first year an operating budget of $600,000 for the CLBIA to undertake the proposed programs and services.
Introducing CeLo:
Introducing the Central Lonsdale BIA (CeLo)
We’re working to support local businesses, improve our streets, and build a stronger, more connected business community. CeLo is about collaboration, advocacy, and creating a vibrant Central Lonsdale for everyone.
Connecting Businesses — Building Community.
What Is a BIA?
A Business Improvement Area (BIA) is a non-profit organization created by local businesses and property owners. It reinvests directly into the area through cleaning, safety initiatives, marketing, events, and advocacy giving businesses a strong, collective voice.
Why Central Lonsdale Needs a BIA:
With major changes like the Great Street Project, it’s more important than ever that businesses have a clear voice. CeLo ensures local businesses are heard, supported, and represented as our neighbourhood evolves.
Safety & Cleanliness:
A strong business district starts with clean streets and a safe environment. CeLo will work with the City, RCMP, and community partners to advocate for improvements that help businesses and customers feel welcome.
Business Spotlight:
Central Lonsdale is home to incredible local businesses that make our community unique. CeLo is proud to support and highlight the people who keep our neighbourhood thriving.
Bringing More Customers: Did you know?
BIAs help attract more customers through events, promotions, and marketing initiatives — creating more foot traffic and stronger connections between businesses and the community.
Public Visibility
Reverse Petition (Jan 2026): Important Update
The City will begin the BIA reverse petition process in January 2026. CeLo is focused on education, transparency, and answering questions so businesses and property owners feel informed and confident.
More details coming soon.
Clean & Safe Goals:
• Advocacy for improved street cleaning
• Coordination with City and safety partners
• A more welcoming environment for customers and businesses
Small improvements make a big difference.
Supporting Small Businesses:
CeLo exists to support local businesses by advocating on key issues, improving communication with the City, and creating opportunities for collaboration and promotion.
Your voice matters.
Thank You: Central Lonsdale Business Community
Your feedback, ideas, and participation help shape a stronger neighbourhood.
CeLo is here to listen, support, and advocate on your behalf