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PADBID Reserve Fund

9/2/2020

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The Downtown Improvement Reserve Fund Policy is:

a) to establish a reserve that is used exclusively for the Prince Albert Downtown Business Improvement District for projects or programs as approved by City Council; and,

b) to assist the Prince Albert Downtown Business Improvement District in their mission to facilitate the continuing development of a vibrant and prosperous downtown. 

Each year $40,000 to added the PADBID Reserve Fund.  The funds are the proceeds from parking meters fees.

Through the years funds have been used in a variety of ways for the benefit of the Downtown.  Here are a few of the projects from 2019:
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Grants were awarded to various businesses for Facade improvements.
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To create a more distinctive community within Prince Albert, street signage was upgraded throughout the downtown to more of a heritage look with the PADBID logo.
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And funds also go towards the organization of community events- Street Fair, Santa Claus Parade, Crokicurl, Summer on the Square and the Downtown Art Walk.

Some may not have an understanding regarding the need for parking meters Downtown, but a lot can be accomplished in our community with your contribution to the parking meters.

The Downtown business community appreciates your support as you shop, support and love local.
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  • Home
  • About
    • Discover Downtown
    • Staff
    • Board Meetings & Minutes
    • History
  • Blog
  • What to do
    • Events >
      • Crokicurl
      • Event Calendar
      • Farmer's Market
      • Santa Claus Parade
      • Sidewalk Sale
      • Street Fair
    • Dine
    • Explore
    • Services
    • Shop
    • Stay
    • Points of Interest
  • Parking
  • Available Properties
    • Commercial properties
    • Residential properties
  • Members
    • Business Community Info
    • Membership Application
  • Contact
  • Discover Downtown