Media briefing on Cape Town’s City Improvement Districts
To address the growth in CIDs (also known as Special Rating Areas), the City of Cape Town has proposed amendments of its CID by-law to align it with the Municipal Property Rates Act and the Municipal Finance Management Act.
In November 2000, Cape Town became the first major city in South Africa to implement a fully constituted improvement district for its city centre.
This important step has been instrumental in developing a sustainable inner city model and arresting the urban decay that has beset other cities in the country.
All in all, property owners in the Central City Improvement District have contributed over R150 million towards the rejuvenation of Cape Town’s inner city, which in turn, has attracted billions of rands of investment and facilitated hundreds of new jobs.
This phenomenal success has led to the creation of another 15 City Improvement Districts (CIDs) in Cape Town, while applications for four others are being processed, and another 25 communities have expressed interest in establishing CIDs.
To address the growth in CIDs (also known as Special Rating Areas), the City of Cape Town has proposed amendments of its CID by-law to align it with the Municipal Property Rates Act and the Municipal Finance Management Act.
Alderman Ian Neilson, Mayoral Committee Member for Finance, Economic & Social Development and Tourism, will brief the media on the proposed changes, which will be dealt with at the next Council Meeting.
