Press Release

BID Spearheads Parking Lot Improvement Project, Cuts Costs by Almost 50 Percent

(Boonton, NJ, August 1, 2009) — The Washington Business Improvement District (WBID) in Washington, NJ, shows a downtown group repositioning itself for future growth by taking on new financial activities.

The WBID received approval for a USDA-backed loan that will allow it to begin much-needed improvements to a municipal parking lot.

What's especially remarkable is how much money the WBIDs taking the lead on the project will save taxpayers - almost 50 percent of the borough's original $1.2 million estimate.

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