PADBID Reserve Fund

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:

Grants were awarded to various businesses for Facade improvements.

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.

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.