BID fails

PLANS to give new life to Gibraltar’s shopping experience have been shelved after communication with businesses along Main Street broke down.

The Gibraltar Parliament passed the Business Improvement District (BID) into law last year.

It was supposed to set up better signs, attract quality businesses, and improve networking and training.

Payments

But disagreement about payments forced the company that was running the project to close down.

‘Downtown’ will give full refunds to all the companies that subscribed to the BID scheme, it said.

The government stopped taking payments from companies in October forcing Downtown to dismiss its five employees.

BID chairman George Russo told GBC that the project could still work out but not under the Downtown company. He said he was disappointed that the BID had fallen through.