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The original item was published from 11/9/2023 1:16:27 PM to 11/16/2023 12:00:05 AM.

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City of Pierre News

Posted on: November 9, 2023

[ARCHIVED] Commission Hears First Reading for BID Ordinance

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At the Nov. 7 meeting, the Pierre City Commission had a Public Hearing and First Reading for an ordinance to establish Business Improvement District (BID) #3 and to establish an occupancy tax for that district.

BID #3 consists solely of the hotel planned for development at the site of old City Hall along Sioux Avenue. As proposed, people staying at the yet-to-be-built hotel would pay a BID #3 fee of $2 per room, per night. Those fees are then obligated to pay development expenses.

According to Pierre Mayor Steve Harding a BID is an economic development tool that allows government to facilitate economic growth while holding tax-payers harmless.

Construction of the new hotel along Sioux Avenue is scheduled to begin this year. It’s part of a larger development, led by Hegg Companies of Sioux Falls, including a 60-room apartment complex and commercial building.

The ordinance will come back to the City Commission for consideration and action Nov. 14.

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