individual properties, including, but not limited to, sidewalks,
retaining walls, street paving, parks, recreational equipment
and facilities, open space, street lighting, parking lots,
parking garages, trees and shrubbery, pedestrian walks, sewers,
water lines, rest areas and the acquisition and rehabilitation
or demolition of blighted buildings or structures.
"Business improvement district" or "BID." A business
improvement district established prior to February 19, 2001, and
governed by the former act of May 2, 1945 (P.L.382, No.164),
known as the Municipality Authorities Act of 1945, insofar as it
relates to business improvement districts or Chapter 54
(relating to business improvement districts). On or after
February 19, 2001, the term shall mean a limited geographical
area comprised of real property which is used for any for-profit
activity involving trade and traffic, or commerce in general.
"Commercial." Relating to or associated with any for-profit
activity involving trade and traffic or commerce in general.
"Construction expenditures." Property and right-of-way
acquisition costs where applicable.
"Costs of improvements." The term includes architectural
fees, engineering fees, attorney fees, consulting fees,
professional fees, preliminary planning expenditures,
feasibility study expenditures, financing costs and any other
expenditures necessary and incidental to the development,
construction or completion of the improvement.
"Cultural improvement district." A limited geographical area
composed of institutions of cultural or historical significance
and the surrounding businesses and neighborhoods that directly
benefit from such institutions.
"District advisory council." A committee comprised of
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