The Branson Board of Aldermen gave final approval to expand the 76 Entertainment Community Improvement District at this week’s Board meeting. The unanimous vote in favor of Bill 5823, the petition to add certain real property to the geographic footprint of the District, officially expanded the District from Shepherd of the Hills Expressway along West 76 Country Boulevard east to the Branson Auto & Farm Museum.
The original 76ECID was formed in May 2016 when property owners from Presleys’ Theatre to the Branson Ferris Wheel, (Segment 3 or Phase 1A of the overall project) established the District and voted in support of a 1% sales tax to fund its revitalization and ongoing maintenance and operations. The expansion petition adds five additional segments to the District: segments 1 and 2 to the west, and segments 4, 5 and 6 to the east. To expand the District, at least 51% of the unique property owners representing at least 51% of the assessed property value within the area had to request annexation.
Gail Myer, Chairman of the 76ECID Board of Directors said, “The unanimous support of City Council is an important endorsement of this essential project. Their approval allows us to move forward, in collaboration with 76ECID property owners and businesses, to improve the beauty, safety and functionality of this vital economic corridor.”
The next step in the 76ECID expansion process is notification to the Missouri Department of Revenue who is responsible for collecting the 1% sales tax within the District boundaries. New areas of the District will join Segment 3 in collecting one penny per dollar of retail sales beginning October 1, 2020.